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Should price controls be imposed on life-saving drugs? Will consumers benefit or be harmed by this type of regulation?

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter11: The Market For Pharmaceuticals

Section: Chapter Questions

Problem 1QAP

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Concept explainers

Price Ceilings and Price Floors

Price Ceilings and Price Floors strategy is used by the Government to control the prices of certain goods and services in the market. This method helps the Government to protect the interests of both buyers and suppliers in difficult economic times.

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