Price controls ________.
A) result in deadweight loss if they cause a change in the market quantity
B) redistribute surplus from one side of the market to another (e.g. from producers to consumers or vice versa)
C) redistribute surplus within the side of the market that is a net beneficiary of the price control from those who are queued out of the market to those who can still buy/sell
D) all of the above
Correct Answer:
Verified
Q194: A black market is also known as
Q195: What is the opportunity cost of government
Q196: An example of government failure is _.
A)
Q197: Citizens can safely conduct their economic activities
Q198: Scenario: Suppose the retail market for gasoline
Q200: A black market can emerge for a
Q201: Bringing water from people who are not
Q202: Which of the following is true of
Q203: Mention some of the problems incurred by
Q204: If a government decides to move from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents