Question


On which kinds of goods do governments generally place price ceilings?


those that are essential but too expensive for some consumers


those that are essential and cheap


those that are not necessary but have become customary


those that are cheap but could become more expensive without the ceiling
GPT-4o mini
Governments generally place price ceilings on **those that are essential but too expensive for some consumers**. Price ceilings are intended to make essential goods, such as food, housing, and utilities, more affordable for low-income consumers, preventing prices from rising above a certain level.

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