Their main function is to filter waste products in the blood, and kidney failure occurs when this organ loses its filtering capabilities; causing significant levels of waste to gather, and resulting in the chemical makeup of your bodyâs blood becoming out of whack.
A price ceiling is a government-imposed price control or limit on how high a price is charged for a product.Governments intend price ceilings to protect consumers from conditions that could make necessary commodities unattainable. price ceiling is a government-imposed price control or limit on how high a price is charged for a product.
In the long run, even successful buyers of the product may be hurt by the price ceiling because of deterioration in the quality of the product, as often occurs under rent control. Using the graph shown, analyze the effect a $300 price ceiling would have on the market for ten-speed bicycles.NSWER: For this example, a $300 price ceiling would cause a shortage of 4,000 bicycles. Since the equilibrium price in the market is $500, this would be a binding price ceiling. More than one reason may exist for policymakers to impose a price ceiling in a market. Often this is done in an attempt to increase equity.