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asdfgsferre:
who knows about price ceiling and price floor?
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MiraAngel:
Is this questioncove feedback? I don't understand the question...
asdfgsferre:
@Vocaloid
asdfgsferre:
@Shadow
asdfgsferre:
@umm
asdfgsferre:
what is the biggest problem for price ceiling and price floor to work well in a capitalist economic system
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asdfgsferre:
@iYuko
asdfgsferre:
@iosangel
OmertaKay478:
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.
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