Price controls are often imposed because policymakers believe that market prices are unfair, either too high for consumers or too low for producers, and they aim to make goods and services more accessible or equitable.

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Price Controls

Question 42

Multiple Choice

Price controls:

A) always produce the outcomes their architects anticipated or intended
B) are imposed because policy makers believe market prices are unfair
C) are imposed because policy makers believe market prices are inefficient
D) are used to create revenue for public purposes

Correct Answer: