Price Controls Are Usually Enacted

question 135

Multiple Choice

Price controls are usually enacted

• A)as a means of raising revenue for public purposes.
• B)when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
• C)when policymakers tax a good.
• D)All of the above are correct.

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Definitions:

Monetary Benefits

The financial gains one receives from employment or investment, including salary, dividends, or interest.

Wholesalers

Businesses that sell goods in large quantities at lower prices, primarily to retailers or other businesses, rather than directly to consumers.

Retail Outlets

Physical stores that sell goods directly to the public for personal or household consumption, as opposed to wholesale transactions.

Transportation Companies

Businesses that provide services to move goods or individuals from one location to another, using various modes of transport.