Question

who knows about price ceiling and price floor?

Answer 1

Is this questioncove feedback? I don't understand the question...

Answer 2

@Vocaloid

Answer 3

@Shadow

Answer 4

@umm

Answer 5

what is the biggest problem for price ceiling and price floor to work well in a capitalist economic system

Answer 6

@iYuko

Answer 7

@iosangel

Answer 8

Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.