emilymyoder04 emilymyoder04

24-05-2022
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The U.S. experiences a flu epidemic, and citizens complain to the government that the cost of cough syrup is too high. The government responds by placing a price ceiling on cough syrup. What results is a shortage of cough syrup. Why did this happen?

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adefioyelaoye adefioyelaoye

26-05-2022

The shortage of cough syrup was caused by reduction in price and increase in the demand.

What is Demand?

This is defined as goods and services consumers are willing to purchase at various prices during a given period of time.

Placing a price ceiling on cough syrup led to price reduction and increased demand which was why the syrup became scarce.

Read more about Demand here https://brainly.com/question/1288364

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