Why do many consumers and politicians advocate for price controls?
A) Price controls are the only way for the poor to obtain certain goods when prices rise.
B) Most consumers and politicians do not advocate for price controls, because they understand their negative consequences.
C) Price controls appear to be a straightforward response to the problem of price increases.
D) The gains in consumer surplus typically outweigh the loss in producer profits.
Correct Answer:
Verified
Q167: An alternative to rent controls that increases
Q168: An alternative to rent control that has
Q169: If affordable housing is a concern, then
Q170: Rent control in New York City has
Q171: Dramatic price increases, such as those seen
Q173: Which statement is FALSE?
A) A frost that
Q174: From an efficiency standpoint, rent controls:
A) increase
Q175: If price controls are so harmful, why
Q176: Which statement(s) is TRUE?
I. Rent controls prevent
Q177: Under rent controls:
A) some mutually profitable trades
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