Higher prices
A)are always against the public interest.
B)may sometimes serve the public interest.
C)should never be allowed.
D)occur automatically for abundant goods.

Question

Quizplus · Accepted Answer

Higher prices may sometimes serve the public interest. For example, when there is a shortage of a certain product, higher prices can help distribute the limited supply more efficiently and discourage hoarding. Additionally, higher prices can incentivize producers to increase supply, which can benefit the public in the long run.

Higher Prices