A maximum price is a price above which it is illegal to sell a good or service. It is set below the equilibrium price to have any effect. It can be used to
A minimum price is a price below which it is illegal to sell a good or service. It is set above the equilibrium price. It can be used to reduce the consumption for
* excess demand
* ration
* incentive
* evaluation
* only those who are willing and able to buy will benefit
* is this unfair and unequal?
* market is impartial and no risk of government failure
* market is also