Write 500 words on this topic: “Price controls are people controls.”
Prices are born from bidding. Supply and demand is a factor as well, but bidding is the main part. Sellers compete with sellers to sell products at the lowest profitable price. Buyers compete with buyers to buy products at the highest reasonable price. They bid on the prices they are willing to sell for or pay. When the state decides that a product can only be sold at a certain price, it stops people from bidding.
Price floors are an attempt to keep prices from getting too low, but they just stop buyers from being able to buy. If something is too expensive, people stop buying it, or at least stop buying it often. This leads to an oversupply of the product, and sellers cannot compete with other sellers to drive the price down so that people will buy again. With price floors, prices are stuck, and people are not able to bid.
Price ceilings have the same effect in reverse. When the state tries to keep a product from becoming too expensive, it just causes sellers to stop selling. The price of the product may be too little to cover the cost of production, or the price is too low to incentivize businesses to produce the product. Buyers are not able to bid against each other to raise the price so that businesses want to produce. This causes shortages in the product.
Trying to control prices only results in controlling people. Buyers compete with buyers to buy at the highest price they can, and sellers compete with sellers to sell at the lowest price they can. Through bidding and supply and demand, prices are determined. If the state tries to keep prices from fluctuating, it is also keeping people from bidding. Prices need to be able to fluctuate based on supply and demand. People need to be able to bid on price based on supply and demand. When the state steps in to level out the playing field, it only messes up the flow.
Sofia the First 
Sophia — when writing an essay, identifying the audience first is key. When we recognize who is reading this, we can then make sure we are speaking at their level/understanding. Regardless of the topic and how much the reader knows about the subject, your piece should clarify confusion. Also, organization created from the first paragraph instills the backbone for the rest of the paragraphs. There is no rambling or guessing what you will write – you and the audience know what it will be from the first introduction paragraph. Take a look at a rubric like this to see what major components must be included to get a 4 (highest points)
Write 500 words on this topic: “Price controls are people controls.”
(Prices are born from bidding. Supply and demand is a factor as well, but bidding is the main part.) Sellers compete with sellers to (distribute) products at the lowest profitable price. Buyers compete with (other) buyers to (purchase) products at the highest reasonable price. They bid on the prices they are willing to sell for or pay. When the state decides that a product can only be sold at a certain price, it stops people from bidding.<These sentences now can become your organization for the next two body paragraphs – 1.Prices are born from bidding. and 2.Supply and demand is a factor as well)
1.Prices are born from bidding.
Price floors are an attempt to keep prices from getting too low, but they just stop buyers from being able to buy. If something is too expensive, people stop buying it, or at least stop buying it often. This leads to an oversupply of the product, and sellers cannot compete with other sellers to drive the price down so that people will buy again. With price floors, prices are stuck, and people are not able to bid.
2.Supply and demand is a factor as well.
Price ceilings have the same effect in reverse. When the state tries to keep a product from becoming too expensive, it just causes sellers to stop selling. The price of the product may be too little to cover the cost of production, or the price is too low to incentivize businesses to produce the product. Buyers are not able to bid against each other to raise the price so that businesses want to produce. This causes shortages in the product.
Trying to control prices only results in controlling people. Buyers compete with buyers to buy at the highest price they can, and sellers compete with sellers to sell at the lowest price they can. Through bidding and supply and demand, prices are determined. If the state tries to keep prices from fluctuating, it is also keeping people from bidding. Prices need to be able to fluctuate based on supply and demand. People need to be able to bid on price based on supply and demand. When the state steps in to level out the playing field, it only messes up the flow.(It becomes a bit repetitive in this paragraph – use of the same words and reintroduction of the same concepts. It is often a challenge finding synonyms, but it allows variation in your writing.)
Ask the questions –
-Did I meet my objective?
-Did I stick to my thesis/organization?
-Does my audience have clarity about the topic after reading my piece?
LikeLike
Thank you so much! I’m going to try and edit the essay tomorrow and I’ll send you the rewrite. Thanks again!
LikeLike