Since the start of the COVID-19 pandemic, government regulation of the prices of basic food and medical goods has been monitored significantly. Do you think what government should do to help consumers or alleviate shortages of goods in the market? Who gains benefits of price controls?  Give pros and cons of price controls or tax.

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Government intervention in the form of price controls can be a tool used to help consumers and alleviate shortages of goods in the market However it is important to consider the pros and cons of such ... View the full answer