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Does a price ceiling attempt to make a price higher or lower?
Prices ceiling is a legal maximum price above which a commodity cannot be sold. Price ceiling attempt to make a price lower. For example: housing is a necessity. Everyone needs a house to live. If there is no price ceiling on rent, one can charge very high prices which might not be affordable for everyone.
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Chapter 3
Demand and Supply
Introduction
How Markets Work
Markets and Welfare
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Firth. We should know what as a what, as press selling Ming Press is selling its legal maximum press about which calm entity cannot be SOS at this case that this one shot the commodity mention. Here it's a rental is a rental unit. So as we can see here, results of press sounding there is, ah, legal, even hear you leave impress here in the processing attempt to make a lower press, for example. Whole thing is a necessity. Like here, I rewind needs a hostile leave. If there is no press outing on rent, one can charge a very high press, which must not be affordable for everyone. So that's why Governor Governments wants to make sure that's Ah. Most of the people affords two runs or buy a new apartment unit. So is a press. So they set up a press. Saudi, which makes the the the preventer, cannot sell their cell or run their apartment units above this press outing. C 500 here in this case. So the conclusion a that's press outing attempts to make a press lower
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