An economist would predict that if the government imposes price controls on medical care, the result will be an increase in the supply of affordable care in the United States.

Question

Quizplus · Accepted Answer

Economists generally agree that price controls on medical care would lead to a decrease in the supply and quality of care. This is because healthcare providers, such as doctors and hospitals, may be unwilling or unable to provide services at the capped prices, leading to a shortage of affordable care. Additionally, price controls may also limit investment and innovation in the healthcare industry.

An Economist Would Predict That If the Government Imposes Price