Government price controls are policies that attempt to maintain the
A)price requested by the seller.
B)the price at some disequilibrium value.
C)quantity sold at less than the quantity bought.
D)quantity bought at less than the quantity sold.
E)market price at equilibrium.

Question

Quizplus · Accepted Answer

Government price controls, such as price ceilings and floors, set prices at levels that are not at the market equilibrium, leading to disequilibrium.

Government Price Controls Are Policies That Attempt to Maintain the