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

1 answer

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.