Question

2. Describe at least one advantage and one disadvantage of price ceilings and price floors. Do you think price ceilings and floors are more helpful or more harmful to consumers and the economy? Explain. (2-4 sentences. 1.0 points)

Answer 1

@psirockin2

Answer 2

disadvantage of price floors is that you can't offer super good deals because your price has to be set to above the price floor.

Answer 3

An advantage is that the products aren't going to be overpriced