With the COVID-19 epidemic, the demand for ethyl alcohol, which is very important for meeting the hygiene needs, has also increased and the insufficient supply has caused the price of ethyl alcohol to rise suddenly. During this period, the price of ethyl alcohol per liter rose to 400 TL, which caused a serious increase in all disinfectant prices, including cologne. The government, which wants to prevent the consumer from being victimized, limited the price of ethyl alcohol per liter to 150 TL and banned the sale in the market above this price. What does this government practice set an example for? Explain on the figure.
With the COVID-19 epidemic, the demand for ethyl alcohol, which is very important for meeting the hygiene needs, has also increased and the insufficient supply has caused the price of ethyl alcohol to rise suddenly. During this period, the price of ethyl alcohol per liter rose to 400 TL, which caused a serious increase in all disinfectant prices, including cologne. The government, which wants to prevent the consumer from being victimized, limited the price of ethyl alcohol per liter to 150 TL and banned the sale in the market above this price. What does this government practice set an example for? Explain on the figure.
Chapter1: Making Economics Decisions
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With the COVID-19 epidemic, the
What does this government practice set an example for? Explain on the figure.
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