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 extracting funds from 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 responses are correct.

Question

Quizplus · Accepted Answer

All of the responses are correct as they all describe situations in which it may be appropriate to resist price increases. In the case of an unrestrained monopoly, resisting price increases may be necessary to prevent the monopoly from exploiting consumers. In the case of capricious and inappropriate taxes, resisting price increases may be necessary to avoid unfair penalties on certain products. In the case of rising prices disproportionately affecting the poor, rationing may be a preferable solution. Thus, all the options presented represent potential scenarios in which it may be appropriate to resist price increases.

Society Might Argue That There Are Cases in Which It