Microeconomics

Question 1

Price ceiling on stakeholders

Answer 1

consumers: shortages, lower prices, parallel/unofficial markets and the possible means to resolve a shortage (queues), possible reduced quality of goods,
Producers: discouragement of suppliers to produce more because they cannot set prices and consequent reduction of availability, impact on signalling and incentive functions of price.
Government: need for intervention to overcome shortages (rationing).
Real life examples: food, housing, fuel, merit goods

Question 2

Indirect tax on stakeholders