The cost of going to the dentist has been a major concern to American families for some time. In response, the government sets a maximum price for routine dental visits at $75 to control the rising cost, but the current market price is $200. What is MOST likely to happen?
A)More people will try to visit the dentist, but fewer dentists will be willing to see patients.
B)The same number of people will try to visit the dentist, and the same number of dentists will be willing to see patients.
C)More people will be able to see the dentist, since the price is lower.
D)Fewer people will try to see the dentist, and fewer dentists will be willing to see patients.

Question

Quizplus · Accepted Answer

Setting a maximum price below the market price increases demand (more people can afford it) but decreases supply (dentists may not find it profitable), leading to a shortage where more people want to see the dentist but fewer dentists are willing to provide services at the lower price.

The Cost of Going to the Dentist Has Been a Major