Why are the long-run consequences of a price control different from the short-run consequences of a price control? Be specific,and consider both price floors and price ceilings in your answer.

Question

Quizplus · Accepted Answer

The Answer of Why are the long-run consequences of a price control different from the short-run consequences of a price control? Be specific,and consider both price floors and price ceilings in your answer.

Why Are the Long-Run Consequences of a Price Control Different