Price controls are usually enacted in response to
A)popular opinion.
B)governmental studies.
C)scholarly research on the effects of high prices.
D)laws enacted in other countries.
E)All of the above are correct.

Question

Quizplus · Accepted Answer

Price controls are usually enacted in response to popular opinion, as consumers may feel that certain goods or services are too expensive and demand action from their government. While governmental studies and scholarly research may inform the decision-making process, they are not always the primary drivers of price controls. Laws enacted in other countries may also serve as examples or precedents, but popular opinion is often the most influential factor. Therefore, option A is the best choice.

Price Controls Are Usually Enacted in Response to