The most likely reason that the government implements a _____ is because it feels the price is too high for _____.
A) price ceiling; consumers
B) price floor; consumers
C) price ceiling; producers
D) price floor; producers

Question

Quizplus · Accepted Answer

A price ceiling is implemented by the government to prevent prices from rising too high, which is typically done to protect consumers from paying excessively high prices.

The Most Likely Reason That the Government Implements a _____