Question

Do you think cement prices should be regulated? Why or why not  

Answer 1

No, cement prices should not be regulated.

Regulation of a price means fixing of the price level of a product at a particular level.

Regulation of price will result in the shortage of supply in the market and the producers might indulge in ill activities like hoarding and black marketing.

Even though price regulation of cement will fix price at lower rate but this will reduce the supply of cement in the market. So the overall construction market will be affected.

Prices should be determined with the forces of demand and supply and there should be no intervention in the free competition of the market.