It behooves government to impose below market price, Ask an Expert

Economics

How would you respond to the foloowing, " When producers reduce prices for goods and services, it increases consumers surplus and everyone's standard of living. Therefore, it behooves government to impose below market price ceilings on consumer goods, thereby increasing consumers surplus and making everyone better off." What would be the effect of this policy?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9447241

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