In a free market system, price controls can include both floors and

Question

In a free market system, price controls can include both price floors and price ceilings. What are the implications of these controls on market dynamics and consumer behavior?

Anonymous · Accepted Answer

CeilingExplanation:

Anonymous · Answer

I believe the answer is: CeilingPrice floor refers to the price control to determine the minimum price a product can be sold in the market, as a form of protection for the producers. The price ceiling on the other hand determine the maximum price a product can be sold in the market, as a form of protection for the consumers.

Anonymous · Answer

price controls can include both floors and ceilings.price controls are legal minimum or maximum prices for specific goods or services. they are imposed by government in an attempt to manage the economy by direct intervention.   they happen when the government is not satisfied with the market price. a price ceiling is the legal maximum price for a good or service.a price floor is the legal minimum price.when price control is imposed, excess demand or supply will usually happen because the legal price will be different from the market price.

Anonymous · Answer

The answer is ceilings

Anonymous · Answer

False! In a free market is wrong to use any kind of price control, once it would turn the "free" in a "state managed" market, which means contradictory from the classic approach of the free market philosophy of economy. Some kind of partial free market policy can establish a floor price or a ceiling price, but it is not a free market.

Zion Lebsack PhD · Answer

In a free market system price controls can include both floors and ceilings.

Anonymous · Answer

In a free market system, price controls can include both floors and ceilings. These restrictions are put in place by the government to control the market value of particular goods and services. Usually there is either a floor or a ceiling put on any one item, rather than there being restrictions on both ends. Hopefully this helps.

Anonymous · Answer

The answer you are looking for is ceilings

Amari Koepp · Answer

In a free market system, price controls can include both floors and ceilings. The government imposes these limitations in order to regulate the retail value of specific goods and services. Rather than have limits on both sides, most items have either a floor or a ceiling imposed on them.

Anonymous

In a free market system, price controls can include both floors and

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