Most economists favor price controls as a way of allocating resources.

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Most economists do not favor price controls as a way of allocating resources, as they often lead to unintended consequences such as shortages, surpluses, black markets, and reduced incentives for producers to invest and innovate. Instead, they tend to favor market-based mechanisms such as supply and demand, competition, property rights, contract enforcement, and taxation to promote efficiency, innovation, and consumer welfare.

Most Economists Favor Price Controls as a Way of Allocating