Price Controls

question 69

Multiple Choice

Price controls:

• A) always increase economic efficiency.
• B) always lead to more equitable results.
• C) can result in inequitable outcomes.
• D) all of the above statements are true.

---

Definitions:

Frequency Distribution

This is a tabulation of the occurrences of each unique value in a dataset, often visualized in histograms or bar charts.

Mean

The average of a set of numbers, calculated by adding them together and then dividing by the number of values.

Frequency Distribution

A summary of how often each different value occurs in a dataset, often represented in a table or graph.

Balancing Point

A point at which a system, object, or decision is in a state of equilibrium or balance, often used metaphorically to refer to fair or stable situations.