Price regulations that put a cap on the rent a landlord is permitted to charge and laws
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Price regulations that put a cap on the rent a landlord is permitted to charge and laws that require employers to pay a minimum wage sometimes block the price adjustments that balance the quantity demanded and the quantity supplied and lead to underproduction.
Quantity regulations that limit the amount that a farm is permitted to produce also lead to underproduction.
Taxes and Subsidies
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