what prompts government to set price ceiling?

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what prompts government to set price ceiling?

2007-03-16 22:58:05 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

2 answers

to prevent chaos

2007-03-16 23:05:36 · answer #1 · answered by just hanging around 5 · 0⤊ 0⤋

Essentially, special pleading by some group with a vested interest who want special favours in return for a few 'bungs' (see 'Cash for Questions')...

It is (of course) a form of Corruption - a good example is the Common Agricultural Policy - designed simply to steal cash from consumers and put it into the pockets of the (French) Farmers ..

2007-03-21 04:42:11 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋