When binding price ceilings are imposed to benefit buyers,what happens

Question

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When binding price ceilings are imposed, the price of the product is legally set at a maximum level. This often results in the quantity demanded exceeding the quantity supplied, causing a shortage. As a result, some buyers will be unable to buy any of the products they desire. This is because the low price often creates excess demand, which leads to rationing or non-price mechanisms, such as waiting lists or favouritism, which can create inefficiencies in the market. While sellers may benefit initially from the price ceiling, they may suffer in the long run due to decreased incentives to produce and supply the market.

When Binding Price Ceilings Are Imposed to Benefit Buyers,what Happens