11. Which of the following is a common criticism of government price controls? a) They restrict the free market resulting in a surplus b) They inefficiently use tax payer dollars c) They restrict the free market resulting in shortages d) They manipulate the market to artificially raise prices

11. Which of the following is a common criticism of government price controls? a) They restrict the free market resulting in a surplus b) They inefficiently use tax payer dollars c) They restrict the free market resulting in shortages d) They manipulate the market to artificially raise prices

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 57P: A low-income county decides to set a price ceiling on bread so it can make sure that bread is...

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11. Which of the following is a common criticism of government price controls?
a) They restrict the free market resulting in a surplus
b) They inefficiently use tax payer dollars
c) They restrict the free market resulting in shortages
d) They manipulate the market to artificially raise prices

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