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20-06-2016
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Why does a government place price ceilings, such as rent control, on some “essential” goods?. A. to prevent the development of a black market . B. to encourage an increase in supply of necessary items . C. to limit the impact of equilibrium pricing . D. to help reduce demand for these goods

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26-06-2016

The government place price ceilings, such as rent control, on some essential goods because of the reason of limiting the impact of equilibrium pricing. This will also limit the direct increase of the prices of the goods. This will also help regulate the flow of prices in the market.

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