With Alternative Policies Like Income Subsidies and Directed Construction Subsidies

question 35

Essay

With alternative policies like income subsidies and directed construction subsidies readily available, why do governments enact price floors and price ceilings?

---

Definitions:

Course Of Dealing

A sequence of previous conduct between parties that establishes a common basis of understanding for interpreting their expressions and agreements.

Cash Registers

Mechanical or electronic devices used in retail stores to calculate and record sales transactions.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Article 2

A section within the Uniform Commercial Code (UCC) that deals with the sale of goods in the United States.