Monday, October 29, 2012
Price Ceilings
Price ceilings should be imposed on technological products such as computers and laptops so these products can be available to the lower class so they can be provided with technologically skills that are necessary in this type of job market. Although this would cause a shortage in supply to everyone demanding computers, the tech skills gained through the computers purchased would benefit our country and the individuals who are able to secure a higher wage job because of these earned skills. If this ceiling was imposed for an extended period of time, the companies would eventually be able to conform their supply curve to the new demands and may even be driven to lower the cost of manufacturing computers, through better engineering and design, to make up for the lack of profits earned.
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