Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 6, Problem 4QR
To determine

The reason why economists oppose price controls.

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Students have asked these similar questions
how can price controls be used to avoid prices from increasing further
If there is a decrease in supply and demand, how will equilibrium price and quantity be affected?
What mechanisms allocate resources when the price of a good is not allowed to bring supply and demand into equilibrium?
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