Tag: price-ceiling

Tag: price-ceiling

1 page tagged price-ceiling.

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• Chapter 26: Government in the Marketplace — Price Ceilings and Price Floors — Economics 101

  Legal caps on prices create shortages; legal floors create surpluses. The reason isn’t politics — it’s the law of supply and demand. Rent control and minimum wage are the textbook cases.

Related tags

• price-controls
• price-floor
• rent-control
• minimum-wage
• shortages
• surpluses