In Venezuela,the government attempted to control rising food prices by implementing price ceilings in the market.These price ceilings were set ________ the market prices,which resulted in ________ of food.

Question

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Price ceilings set below market prices create shortages, as suppliers are unable or unwilling to produce or sell at that price. This is because the cost of production may often exceed the set price ceiling, which results in reduced supply and long waiting times for consumers to access goods at government-regulated prices.

In Venezuela,the Government Attempted to Control Rising Food Prices by Implementing