|WikiProject Economics||(Rated Start-class, Low-importance)|
|Today's articles for improvement|
The phrasing in the article is strange. Three paragraphs in a row start with "For example:"
Well I can think of other examples, for instance where supply may be artifically restricted or demand for some reason low. For instance price regulation of pharmcuticals in the UK, an eloborate form of price ceiling: http://en.wikipedia.org/wiki/Pharmaceutical_Price_Regulation_Scheme Or prescription charges in the UK fixed price
Examples seem to show an increased demand where price is lowered... Though it's not hard to find examples where increasing the price has increased the demand and a good is seen as having greater value than it actually has. I think this was the case with BMW, certainly a car manufacturer, who saw sales increase when they put the price up.
There are also concepts such as 'the greater fool' where profits are the key drivers and people buy because the price is rising until such point as supply is limited by affordability, not real value (for instance stock market 'adjustments' where price is much greater than value) nor total quantity.
Revision and Balance
I think that this article needs a serious rewrite. Currently it reads like a patchwork of isolated statements which are not always consistent. Furthermore, there are several instances where it presents the policy of price ceilings in very black and white terms ('Always bad'). I would like to suggest that the list of the examples be trimmed down (there are two examples of housing that tell basically the same story), and I would also like to add an example of a price ceiling used in a reasonable way (i.e. as a means of correcting the tendency of natural monopolies to underproduce and overcharge). Before making any substantive changes to this article, I would like to open up the discussion on the talk page (Lucas(CA) (talk) 23:46, 15 September 2016 (UTC)).
- Agree with the sentiment of this post, even as it went unanswered for 1,5 years. The article body is currently overly negative, with every example stating it negatively affected the price or caused shortages. It's very unlikely that every case of it happening was a disaster. For now then, a tag. Prinsgezinde (talk) 22:47, 11 February 2018 (UTC)