Elucidate when producers reduce price for good and services, Ask an Expert

Economics

Below-Market Price Ceiling

When producers reduce price for good and services, it increase consumers surplus and everyone standard of living. Therefore, it behooves government to impose below-market price ceiling on consumers goods, thereby increasing consumers surplus and making everyone better off, what would be the policy?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9212044

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