With respect to some commodity, X, if government objectives are to (1) restrict production and (2) keep prices down to protect consumers, then legislated price ceilings will only have an effect on commodities at the international level O satisfy both goals as long as a black market does not develop satisfy only the second goal if a black market develops be a dismal failure as neither goal can ever be achieved with price ceilings. be a dismal failure as neither goal can ever be achieved with price ceilings