Solved

If the Government Imposes Price Controls and Prevents Prices from Adjusting

Question 75

Multiple Choice

If the government imposes price controls and prevents prices from adjusting naturally to supply and demand,​


A) ​it equates the amount buyers are willing and able to buy with the amount sellers are willing and able to supply.
B) ​it adversely affects the allocation of resources.
C) ​it improves both equality and efficiency.
D) ​it improves efficiency.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions