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    Why would price ceilings produce shortages and hurt some consumers?

    a few seconds ago 2 Answers

    Best Answer

    What if there were price ceilings on Gold or Oil? Can you see it now? Well if it don't work or is not fair for Gold or Hydrocarbons neither should it be allowed for Milk products for example. What will happen is a substandard production with a definite loss in quality control and serious work ethic will have taken an ugly kick in the groin by a thieving government. Gold is just gold. Oil is just oil. But Milk products are a work of pure art that feeds the very inner constitution of a person's body. Putting a ceiling on price will drive down quality and production in general. A real kick in the gut!
    a few seconds ago

    Other Answers

    • Already asked and answered: http://answers.yahoo.com/question/index?qid=20140312161944AA2cC6X Artificial price cealings can make manufacturing unprofitable, reducing incentives to produce the product, leaving some consumers unable to obtain the product at any price.

      by Jake - 9 hours ago

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