The Inflation Reduction Act (IRA) of 2022 established the ability for the Centers for Medicare and Medicaid Services (CMS) for the first time to negotiate prices for pharmaceutical products. Only a ...

A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above this price, that ...

According to the concept of supply and demand, any product will find an equilibrium selling price. This is the price at which sellers are prepared to sell, and buyers are prepared to buy based on the ...

Farmers harvesting palay in Barangay Hubangon, Mahinog, Camuigin. THE government should conduct a tripartite meeting prior to imposing a flexible floor price for palay, according to an economist.