Market prices are an efficient and impersonal way to ration goods.
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Q8: Rent control reduces the incentive for landlords
Q9: A binding price ceiling allows consumers to
Q10: If the government sets the minimum price
Q11: Price controls often help those in need.
Q12: Suppose that the equilibrium wage rate in
Q14: Suppose a price ceiling is placed on
Q15: Opponents of the minimum wage note that
Q16: The minimum wage creates the most benefits
Q17: The consequences of economic policies are often
Q18: A binding price floor causes a surplus.
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