Mortimer loves sushi. he loves sushi so much that he asks his congressional representative to work for passage of a binding price ceiling law. who would be affected by this law and how? some consumers would benefit from such a law because prices for sushi would be lower for those able to buy it in the legal market. consumers would benefit from such a law because the sushi would be made of higher-quality fish, and each serving would be larger than it had been with no binding price ceiling in place. sellers would benefit from such a law because they would receive a higher price for their products. consumers would benefit from such a law because prices would be lower and all would be able to purchase sushi cheaply. sellers would benefit from such a law because they would be able to sell higher-quality sushi and thus capture a larger share of the market.

Indeed, some people may benefit by paying the artificial price, but not all as other people may not be able to satisffy all their demand as a price ceiling will also effectively create a shortage due to the low prices disincentivizing producers.

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