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Olivia Kocko
on Oct 26, 2024

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The most likely reason that the government implements a price _____ is because it feels the price is too high for _____.

A) ceiling;consumers
B) floor;consumers
C) ceiling;producers
D) floor;producers

Government Implements

Actions taken by the government to put policies, regulations, or laws into effect.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices.

Consumers

Consumers are individuals or organizations that acquire goods and services for private purposes.

  • Understand the rationale behind government implementation of price controls and the intended beneficiaries.
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MP
Michele PatriceOct 27, 2024
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