Question

why is there a need to regulate prices

Answer 1

Reasons for price control

Governments most commonly implement price controls on staples, essential items such as food or energy products. Price controls that set maximum prices are price ceilings, while price controls that set minimum prices are price floors.

Answer 2

## your answer♥♥❤❤▶◀

the supply of flour with decrease, but the demand for it will increase. the result will be excess demand and empty cells. because controls prevent the price system for rationing the available supply. some other mechanism must take its place.......


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