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

Question

Quizplus · Accepted Answer

Government price controls are typically set to maintain prices at a level that is not at equilibrium, either above or below the market-clearing price, leading to surpluses or shortages.

Government Price Controls Are Policies That Attempt to Maintain the