The main reason governments impose price control is to
A)raise taxes.
B)encourage local businesses.
C)combat inflation.
D)discourage hedging.

Question

Quizplus · Accepted Answer

The main reason governments impose price control is to combat inflation, as it helps to keep prices stable and prevent prices from rising too rapidly. Price controls may also be used to ensure fair pricing and prevent monopolies from taking advantage of consumers. However, price controls can sometimes have unintended consequences, such as shortages or inefficiencies in the market.

The Main Reason Governments Impose Price Control Is to