Price Controls

question 62

Multiple Choice

Price controls:

• A)are a regulation that sets a maximum or minimum legal price for a particular good.
• B)prevent the market from reaching a new equilibrium when the market shifts.
• C)divided into two categories-price ceilings and price floors.
• D)All of these are true.

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Definitions:

Healthcare

A service or system that provides medical care and treatment to individuals in order to maintain or improve their health.

Equality

Equality refers to the state of being equal, especially in status, rights, and opportunities, an important principle in social justice and law.

Impairment

A reduction in physical, mental, or emotional function or capacity.

Social Model

A framework that views disability not as an individual's medical condition but as a result of societal barriers and attitudes.