The government might impose a price ceiling if _____ in a market can make a strong moral or political argument for _____ prices.
A)consumers;lower
B)producers;lower
C)consumers;higher
D)producers;higher

Question

Quizplus · Accepted Answer

A price ceiling is a government-imposed limit on how high a price can be charged for a good or service. It is usually introduced when the government feels that the market price for a good or service is too high, and it wants to protect consumers from exploitation. Therefore, the government would impose a price ceiling if consumers in a market can make a strong moral or political argument for lower prices.

The Government Might Impose a Price Ceiling If _____ in a Market