Because price ceilings lower the price consumers have to pay, all consumers benefit from price ceilings.

Name: Because price ceilings lower the price consumers have to pay, all consumers benefit from price ceilings.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price ceilings can lead to shortages, as suppliers may not produce enough of the good at the lower price, which means not all consumers will be able to purchase the product.

Because Price Ceilings Lower the Price Consumers Have to Pay