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Why Do Many Consumers and Politicians Advocate for Price Controls

Question 172

Multiple Choice

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.

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