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Price ceilings are often established in order to A. help farmers. B. create excess supply. C. keep products affordable for consumers. D. keep products affordable for suppliers.

Eric Morgan

in Business

1 answer

1 answer

Kaitlin Dean on June 2, 2018

The correct answer is C. to keep the products affordable for consumers.Price ceilings are created to help people to acquire basic needs such as water, or of wheat and flour, or something similar. A maximum price is imposed and you pay that maximum amount, and if prices rise due to the costs of production, then the country pay for the extra burden out of your budget.

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