When government imposes price controls in a market,
a. non-price factors become more important in the rationing of the good.
b. efficiency in the market is enhanced.
c. shortages and surpluses are eliminated.
d. buyers and sellers both become better off.
A
Economics
You might also like to view...
The above table has data from the nation of Atlantica. Based on these data, what is marginal propensity to consume?
A) 1.50 B) 1.00 C) 1.33 D) 0.50 E) 0.75
Economics
If the aggregate supply curve is vertical, then the short-run Phillips curve will
A. be horizontal. B. also be vertical. C. slope upward. D. slope downward.
Economics