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densk [106]
3 years ago
8

What is the purpose of a price ceiling?please I need it right now :'(​

Business
2 answers:
Alborosie3 years ago
8 0

Answer:

To protect the poor.

Explanation:

By keeping prices to a certain maximum, price ceilings guarantee that certain basics are affordable to everyone.

Tems11 [23]3 years ago
7 0

Answer:

B. To enable rationing

Explanation:

<em>The purpose of price ceiling would be to enable rationing.</em>

A price ceiling represents an imposed price control over a product. It is the maximum amount a manufacturer or a supplier is allowed to charge for a product within an economy.

Price ceilings are imposed so as to ensure that prices of products remain within the range of an average consumer within a population and prevent excessive upward movement of prices.

<u>Price ceilings help in rationing. It ensures that an average consumer is not overcharged for products in as much as the manufacturer/suppliers get reasonable profit for their production.</u>

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