Description
For this week’s discussion, you will need to find a real-world example of a price control (i.e., price ceiling or price floor) policy that has been put in place. Once you have chosen an example you will need to include the following in your discussion post:explain what market has had the price control added to it,describe the rationale for implementing the price control, explain what the price control did (e.g., set a price floor on Good X, so that no price lower than $X.YZ could be legally charged), andexplain whether you think price controls are good for consumers and producers.Your initial post must be a minimum of 250 words, written entirely by you (e.g., no using AI or a friend/relative to write your post). You should be using APA-7 style citations in your posts. Afterwards, you must respond to two of your classmates’ posts, and your responses must be a minimum of 100 words. If either your initial post or responses are suspected of being written by any form of AI, you will receive a zero on the assignment and be referred to the Office of Student Conduct for a violation of the Academic Honor Code.
