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The types of price controls used by the government are:
Price floor - this is when the government sets the minimum price for a good or service.
Price ceiling - this is when the government sets the maximum price for a good or service.
The reason why the government should be careful about implementing price controls are:
Price controls can lead to the development of black markets.
Price controls can lead to shortages.
<h3>What are price floor and price ceiling?</h3>
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
To learn more about a price ceiling, please check: brainly.com/question/26521358
Weight gain
Preventing pregnancy
Answer:
The central government lacked the power to tax
Explanation:
