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Price Floors and Price Ceilings Often Lead to Unintended Consequences

question 27

Essay

Price floors and price ceilings often lead to unintended consequences, because buyers and sellers have many margins for action. List at least four margins.


Definitions:

Vertical Axis

Refers to the y-axis in a chart or graph, representing the range of values for a given variable.

Chart Location

The placement or positioning of a chart within a document, presentation, or spreadsheet.

Switch Rows Columns

A feature in spreadsheet and charting software that allows users to change the orientation of data, swapping the data in rows with data in columns.

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