Which of the following is a reason for governments imposing or maintaining price controls?
A) Some consumers and producers can benefit from price controls.
B) Price controls recapture the deadweight loss of equilibrium.
C) The government benefits from price controls.
D) Price controls improve the efficiency of the market.

Question

Quizplus · Accepted Answer

Price controls can benefit certain consumers by making goods more affordable or certain producers by ensuring higher prices, but they often lead to inefficiencies and market distortions.

Which of the Following Is a Reason for Governments Imposing