Question

why does the government inforcess price ceeling and floor on certain commodities ? who are the benifisher is of both?​

Answer 1

Answer:

Government imposes a price ceiling to control the maximum prices that can be charged by suppliers for the commodity. This is done to make commodities affordable to the general public. However, prolonged application of a price ceiling can lead to black marketing and unrest in the supply side.

Explanation:

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Answer 2

Answer:

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