Tuesday, October 30, 2012

Price Ceilings

In the United States, I feel that it is not vital to have price ceilings on products or goods. Americans all have different incomes and situations, so it is obviously it is harder for some people to afford necessities than others. However, most necessities such as clothing, shoes, food and medical attention can be provided to everyone at any cost. For homeless or struggling, those necissities can be found at food banks or shelters. Also, there are always millions of fundraisers and drives going on to make money to put towards food, clothes and medical supplies for the helpless. On the other hand, families or indiviudals who can easily afford necessities and more, should be able to  buy the nicer, luxurious items in life. With a price ceiling, products that cost a lot to make would not make profit, because they sell for less. This would cause the equllibrium to go down in order to remain in the price ceiling.

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