Multiple Choice
Economists are reluctant to state that price controls are desirable or undesirable because
A) it is impossible to evaluate the impact on quantity demanded and quantity supplied as a result of price controls.
B) whether the gains from the winners exceed the losses from the losers is not strictly an economic question.
C) sometimes price controls result in increases in economic efficiency and sometimes they result in decreases in economic efficiency.
D) economists are reluctant to conduct positive analysis of price controls.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: If the demand curve for a product
Q29: Figure 4-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-2
Q30: Suppose a binding price floor on sparkling
Q31: Figure 4-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-5
Q32: Figure 4-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-11
Q34: Black markets only exist in developing nations.
Q35: Figure 4-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 4-8
Q36: What is the difference between scarcity and
Q37: Congress passed the _ in 1996, the
Q38: Table 4-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 4-6