Government attempts to lower,raise,or simply stabilize prices can:

Name: Government attempts to lower,raise,or simply stabilize prices can:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

All of these statements are true. When the government attempts to intervene in the market by manipulating prices, there can be unintended consequences such as shortages or surpluses of goods, which can shift the distribution of surplus. Additionally, the interference can cause inefficiencies in the market, ultimately leading to a decrease in overall wealth.

Government Attempts to Lower,raise,or Simply Stabilize Prices Can