Government fixing of prices below the equilibrium point is aimed at protecting the

Government fixing of prices below the equilibrium point is aimed at protecting the consumers. When the government sets prices below the equilibrium point, it makes goods and services more affordable for consumers. This is particularly important for essential goods, such as food and medicine, that people need to live. By keeping prices low, the government can help ensure that everyone has access to these basic necessities. However, this policy may lead to shortages, as suppliers may not be willing or able to produce and sell goods at prices lower than their cost of production.