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

Question

Quizplus · Accepted Answer

Government price controls, such as price ceilings and floors, are set to maintain prices at levels that are not at equilibrium, often leading to shortages or surpluses.

Government Price Controls Are Policies That Attempt to Maintain the