Price controls can cause____ A. Efficient Markets B. Shortages and Surpluses C. Equilibrium Prices

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Liqang Liu · Answer 1 · 2021-09-25T13:10:52+0000

Answer:

A: Shortages and surpluses

Step-by-step explanation:

price control causes shortages and surpluses depending on whether it is the maximum or minimum price control. if it is maximum, there will be surpluses and if it is minimum, there will be shortages due to how much people can afford.

Price controls can cause____ A. Efficient Markets B. Shortages and Surpluses C. Equilibrium Prices

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Price controls can cause____ A. Efficient Markets B. Shortages and Surpluses C. Equilibrium Prices​

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Price controls can cause____ A. Efficient Markets B. Shortages and Surpluses C. Equilibrium Prices