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.

Question

Quizplus · Accepted Answer

Price controls often lead to shortages, but the public may not always recognize that these shortages are a direct result of the controls themselves.

The Shortages That Result from Imposing Price Controls