Should there be a limit to how much a gas station can charge for gas?



  1. 0 Votes

    No, because that creates a price ceiling in a quite volatile market that is crucial to the function of our economy. While price ceilings are intended to protect consumers in theory, by ensuring that high prices don’t make necessary commodities unattainable.  Problems can arise, however, if ceilings are imposed for long periods of time with no control over the rations of the supply.  “However, a price ceiling can cause problems if imposed for a long period without controlled rationing. Price ceilings can produce negative results when the correct solution would have been to increase supply. Misuse occurs when a government misdiagnoses a price as too high when the real problem is that the supply is too low. In an unregulated market economy price ceilings do not exist.”

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