Why does a price ceiling cause a shortage?

Why does a price ceiling cause a shortage?

When a price ceiling is set, a shortage occurs. For the price that the ceiling is set at, there is more demand than there is at the equilibrium price. There is also less supply than there is at the equilibrium price, thus there is more quantity demanded than quantity supplied. ... This is what causes the shortage.

What were old ceilings made of?

By the late 1930s, rock lath was the primary method used in residential plastering. Lath and plaster methods have mostly been replaced with modern drywall or plasterboard, which is faster and less expensive to install, and much less susceptible to settlement and vibration.

Why do buildings use ceiling tiles?

Modern dropped ceilings were initially created to hide the building infrastructure, including piping, wiring, and/or ductwork, by creating a plenum space above the dropped ceiling, while allowing access for repairs and inspections. Drop ceilings may also be used to hide problems, such as structural damage.

Can you expose ceiling beams?

Exposed ceiling beams can give you exactly that. Exposed ceiling beams can take an ordinary room and make it remarkable. They draw the eye up, making the space feel larger, and make a big design splash without taking up any square footage.

Does exposed ductwork cost more?

Even when ductwork is exposed, it's anything but unfinished. ... Round or oval ducts deliver a more “finished” look but are significantly more expensive.