Price ceilings are intended to address the problem of what?

Price ceilings are intended to address the problem of affordability for essential goods and services, particularly during times of crisis or high demand. By setting a maximum price that can be charged, governments aim to prevent prices from rising too high, which can make necessities like food, housing, and healthcare inaccessible to low-income individuals. However, while price ceilings can provide short-term relief, they can also lead to shortages, as suppliers may reduce production or withdraw from the market due to decreased profitability.