Which of the following is not a result of binding government price controls?
A)Some people win and some people lose.
B)Price controls benefit poor consumers but harm producers and wealthy consumers.
C)Price controls decrease economic efficiency.
D)A deadweight loss will occur.

Question

Quizplus · Accepted Answer

This statement is not always true as the effects of price controls can vary based on the specific market and circumstances. It is possible that price controls may harm both poor consumers and producers, or benefit both.

Which of the Following Is Not a Result of Binding