In the end, they went down the old path strewn with rakes. It will lead to...
In the end, they went down the old path strewn with rakes. It will lead to the fact that scarce fuel will not become any more available, while the supplier will have more incentive to send gasoline to the black market at the market price than to gas stations where a price ceiling has been set. Well done.
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Price Ceiling Opens a Black Market
The price ceiling adds no fuel and pushes gasoline from stations to the black market.
The ceiling helped the wrong market.