Which of the following is not a reason why negative consequences can result from efforts to control prices? Market equilibrium indicates the optimal or efficient amount of goods, services, labor, or financial capital. Controlling prices interferes with the forces of supply and demand. Prices of goods, services, labor, and financial capital link different markets together. Controlling one market can affect the nature of other markets. Manipulating price does not change the fundamental characteristics of supply and demand. Prices reflect the amount of profit that producers want to gain for providing goods, services, labor, or financial capital to the market.
Which of the following is not a reason why negative consequences can result from efforts to control prices? Market equilibrium indicates the optimal or efficient amount of goods, services, labor, or financial capital. Controlling prices interferes with the forces of supply and demand. Prices of goods, services, labor, and financial capital link different markets together. Controlling one market can affect the nature of other markets. Manipulating price does not change the fundamental characteristics of supply and demand. Prices reflect the amount of profit that producers want to gain for providing goods, services, labor, or financial capital to the market.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is not a reason why negative consequences can result from efforts to control prices?
Controlling prices interferes with the forces of supply and demand .
Prices of goods, services, labor, and financial capital link different markets together.
Controlling one market can affect the nature of other markets.
Manipulating price does not change the fundamental characteristics of supply and demand.
Prices reflect the amount of profit that producers want to gain for providing goods, services, labor, or financial capital to the market.
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