Society might argue that there are cases in which it is appropriate to resist price increases in situations where scarcity is serious.Included would be the case of
A)unrestrained monopoly that would otherwise succeed in gouging the public.
B)taxes imposed on products capriciously and inappropriately.
C)rising prices falling so heavily on the poor that rationing becomes preferable.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the above choices are correct because they all involve situations where price increases can lead to serious negative consequences for consumers or society as a whole. In the case of an unrestrained monopoly, the company has the power to set prices artificially high without fear of competition, which can result in the public being gouged. Capricious and inappropriate taxes can also create unfair price increases that are not related to the cost of producing the product or service, and can lead to consumer resistance. If rising prices fall heavily on the poor, they may not be able to afford necessary goods and services, and rationing may become necessary to ensure everyone has access to essential items.

Society Might Argue That There Are Cases in Which It