Price controls are usually enacted when policymakers believe that the market price of a good or service is unfair to buyers or sellers.

Question

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Price controls are implemented by governments with the intention of maintaining affordability of goods and services, preventing price gouging during shortages, and ensuring a minimum income for providers of certain goods, reflecting a belief that the unregulated market price is unfair to either buyers or sellers.

Price Controls Are Usually Enacted When Policymakers Believe That the Market