Price Ceilings, yo.

I disagree that our government should place price ceilings on certain items. Too much government interference in a market economy could lead to socialism, which is not a path our country wants to take. I think businesses should be able to put whatever price they want on a product, but ultimately the demand for the product will decide what it is actually priced at. If a product is priced too high, consumers will not want to buy it and the company will be forced to reduce the price to a reasonable one. Prices can easily be maintained by the consumers because the prices ultimately depend on how consumers respond to products. The more inelastic the demand proves to be, the higher the price can be raised. Therefore, if people refuse to give in to their desires at insane prices, companies will be forced to maintain reasonable prices with no government interference.