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Price controls can cause _____. equilibrium prices efficient markets shortages and surpluses
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Asked 4/11/2014 11:36:43 AM
Updated 8/18/2016 5:45:09 AM
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User: Price controls can cause _____. equilibrium prices efficient markets shortages and surpluses

Weegy: equilibrium prices Price controls are governmental restrictions on the prices that can be charged for goods and services in a market. [ The intent behind implementing such controls can stem from the desire to maintain affordability of staple foods and goods, to prevent price gouging during shortages, and to slow inflation, or, alternatively, to insure a minimum income for providers of certain goods or a minimum wage. There are two primary forms of price control, a price ceiling, the maximum price that can be charged, and a price floor, the minimum price that can be charged. ]
chantalsantos|Points 532|

Question
Asked 4/11/2014 11:36:43 AM
Updated 8/18/2016 5:45:09 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by kiara07 [8/18/2016 5:45:04 AM]
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Price controls can cause shortages and surpluses.
Added 8/18/2016 5:45:09 AM
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Confirmed by jeifunk [8/18/2016 9:01:35 AM], Rated good by jeifunk
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