Solved

The Presence of Price Controls in a Market Usually Is

Question 239

Multiple Choice

The presence of price controls in a market usually is an indication that


A) an insufficient quantity of a good or service was being produced in that market to meet the public's need.
B) the usual forces of supply and demand were not able to establish an equilibrium price in that market.
C) policymakers believed that the price that prevailed in that market in the absence of price controls was unfair to buyers or sellers.
D) policymakers correctly believed that, in that market, price controls would generate no inequities of their own.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents