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Why is price ceiling resorted by the government? - Economics

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प्रश्न

Why is price ceiling resorted by the government?

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उत्तर

The government resorts to price ceilings to make essential goods and services affordable for the common people, especially when market prices become too high. It helps protect consumers from exploitation and ensures access to basic necessities like food, fuel, and medicines at reasonable prices.

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पाठ 6: Market Mechanism: Equilibrium Price and Quantity in a Competitive Market - TEST YOURSELF QUESTIONS [पृष्ठ ११४]

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फ्रँक Economics [English] Class 12 ISC
पाठ 6 Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
TEST YOURSELF QUESTIONS | Q 26. | पृष्ठ ११४
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