Questions tagged [price-control]

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What are the consequences of price-capping non-perishables undergoing temporary demand-spikes?

Due to the recent coronavirus outbreak (2020 for future readers), many consumers worldwide are overstocking on non-perishable products like toilet papers and hand sanitizers, in order to avoid ...
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When has the US imposed large price controls in markets?

During the second world war, the US imposed widespread price controls on various markets. Since then, has the US government employed these sorts of measures (price floors, ceilings, and so on), on a ...
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What if the government impose both price control and supply restriction on the market?

Due to the virus outbreak, there is a surge in demand for mask and hand sanitizes. To prevent price hiking government impose a price ceiling on the products, however consumers are behaving irrational (...