Elucidate when producers reduce price for good

Reference no: EM1336676

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?

Reference no: EM1336676

Questions Cloud

Describe what type of foreign investments : Describe what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions.

Explain marketing strategy select a segment and design : Explain Marketing strategy- select a segment and design a 'mix' that meets the needs

Determine the at&t strategic issues : Determine the AT&T strategic issues

Design an exception class : I need to write downan applet file that prompts the user for an ID number and an age. Create an Exception class and throw an Exception of that class if ID is not in the range of valid ID numbers (zero through 899), or if the age is not in the rang..

Elucidate when producers reduce price for good : Elucidate when producers reduce price for good and services, it increase consumers surplus and everyone standard of living.

Importance of proposals : Why are proposals important? What do you think should be included in proposals?

Explain about marketing discussion and why is it important : Explain about Marketing Discussion and Why is it important to establish the maximum potential for market demand

What would be the transmission rate : Supposed two TCP connections are present over some bottleneck link of rate R bps. Both connections have a huge file to send (in the same direction over the bottleneck link). The transmissions of the files start at the similar time. What is the tra..

Correlation analysis and regression analysis : Can levels of significance and the decision rules be altered after a study is underway?

User Account

All Pages