Which statement is a reason for governments imposing or maintaining price controls?

A) Some consumers and producers can benefit from price controls.
B) Price controls prevent the deadweight loss that occurs when the market is in equilibrium.
C) The government earns revenue from price controls.
D) Price controls improve the efficiency of the market.

Question

Ashley Enríquez · Accepted Answer

Final Answer : A, Explanation :  Imposing or maintaining price controls could benefit consumers who might not be able to afford goods or services at market prices, and producers who may be protected from competition.

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