Why do policymakers choose to enact price controls in a market
A) They believe the market's outcome to be unfair.
B) Enacting price controls will directly increase tax revenues.
C) They are required by law to improve market conditions.
D) They believe that the market system is inefficient and their actions will improve efficiency.
Correct Answer:
Verified
Q13: What is a government-imposed maximum price at
Q14: When are price controls usually used
A)Price controls
Q15: Which of the following is a result
Q16: Figure 6-2 Q17: Which statement best describes a price ceiling Q19: Figure 6-1 Q20: What does a binding price ceiling cause Q21: When binding price ceilings are imposed in Q22: How would rationing by long lines best Q23: Figure 6-2 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)A
A)a
