When the government prevents prices from adjusting naturally to supply and demand,

a. it equates the amount buyers want to buy with the amount sellers want to sell.
b. it adversely affects the allocation of resources.
c. it improves equality and efficiency.
d. it improves efficiency but reduces equality.

b

Economics

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The value of all the equipment and structures of an economy is referred to as:

A) wealth. B) national income. C) asset value. D) capital stock.

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Refer to the scenario above. What is the national income of the economy?

A) $7,000 B) $10,000 C) $2,000 D) $5,000

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