Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price.

a. true

b. false

Question

Business

Wood

30 September, 09:35

Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price.

a. true

b. false

+1

Answers (1)

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Bautista · Answer 1

Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price. FALSE. A binding price ceiling is created when the government decides how much an item can be sold for and states it can not rise above that set price. This stops businesses from seeing that their item is in high demand and raising the price so that they can make more money off the item.

Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price.a. trueb. false

Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price.

a. true

b. false