Price controls are:

Question

Price controls are:

Quizplus · Accepted Answer

Price controls are typically implemented by policymakers when they believe that the market price is unfair to buyers or sellers. This could be because the price is too high for buyers to afford, or that sellers are not receiving a fair price for their goods or services. Price controls are not always effective in eliminating these inequities, and often have unintended consequences such as shortages or surpluses. Price controls are not typically established by firms with monopoly power, as they have the ability to set their own prices.

Price Controls Are