The Shortages That Result from Imposing Price Controls

question 69

Multiple Choice

The shortages that result from imposing price controls:

• A) are rarely recognized by the public as a result of the price controls themselves.
• B) typically lead the public to lobby politicians to repeal the price controls.
• C) only last for a short while until markets can adjust to the new lower prices.
• D) create higher prices.

---

Definitions:

Driving Under The Influence

The act of operating a vehicle while impaired by alcohol or other drugs to a level that renders the driver incapable of driving safely.

PR Professional

A specialist in public relations who develops and implements strategies to manage the public image of individuals, organizations, or brands.

Sports Information Directors

Professionals responsible for managing and disseminating information about college or professional sports teams to the media and public.

Social Media

Platforms and technologies that enable users to create, share content, and participate in social networking on the internet.