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A Price Control Is

Question 20

Essay

A price control is:
A.when a firm controls the price of the good it produces.
B.a legal restriction on how high or low a price in a market may go.
C.an upper limit on the quantity of some good that can be bought or sold.
D.a tax placed on the sale of a good which controls the market price.

Correct Answer:

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a legal restriction ...

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