When Are Price Controls Usually Used

question 30

Multiple Choice

When are price controls usually used

• A)Price controls are usually used when the market is inefficient.
• B)Price controls are usually used when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
• C)Price controls are usually used when there is monopoly power in the market.
• D)Price controls are usually used when there are profits in the market.

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Definitions:

Granular

Describes data or information that is highly detailed or broken down into smaller, finer pieces, allowing for deeper analysis or understanding.

Pivot Tables

A data summarization tool that is used in the context of data processing to sort, reorganize, group, count, total, or average data stored in a table.

Detailed

Detailed describes something that is comprehensive or includes an extensive amount of descriptive information or specific features.

Granular

Refers to the level of detail or fineness of data; more granular data is broken down into smaller, finer pieces.