Which of the following is not a result of government price controls?
A)Some people win and some people lose.
B)Price controls benefit poor consumers but harm producers and wealthy consumers.
C)Price controls decrease economic efficiency.
D)A deadweight loss will occur.

Question

Quizplus · Accepted Answer

This statement is not entirely accurate. While price controls may benefit some poor consumers, they can also harm them by creating shortages and reducing the overall quality of goods and services. Additionally, price controls can have negative effects on the economy as a whole, such as decreasing economic efficiency and creating deadweight loss. Therefore, option B is not a correct result of government price controls.

Which of the Following Is Not a Result of Government