Economic theory predicts that if a government imposes a ceiling for the sales price of any good or service, usually set below the market price that would result from the interaction of competing suppliers and demanders, there will be shortages of goods because less sellers will be willing to sell at...
Posted to
Rubén Rivero Capriles
by
Rubén
on
Sun, Jul 26 2009
Filed under:
Filed under: coffee, Venezuela, pork, chicken, flour, corn, price ceiling, excess demand, eggs, sugar, rice, milk, wheat, shortage
Keeping ahead of crop diseases and pests is a continual challenge, particularly as climate and weather patterns change. This challenge is in part compounded by the involvement of governments around the world in in subsidizing the consumption of certain crop staples like rice and in subsidizing crop research...