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an example of price flood and price ceiling, due to the Covid19 pandemic

an example of price flood and price ceiling, due to the Covid19 pandemic

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One example of price ceiling due to the covid-19 pandemic is the medicine costs where the government actually fixed a particular rate or slab so that the medicines which are in high demand will not be sold for excess prices and the public can be benefited from it.

One example of a floor is the minimum amount of price that is set on buses etc. So that even though the transportation costs have been affected, they made sure that the prices and minimum so that the companies can at least survival the best of the whole during the find the pandemic

Rahul Sunny answered 2 years ago
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