Q-10 Why do price controls tend to create ongoing shortages or surpluses in the long run?

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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Question Posted: Oct 15, 2024 01:00 AM

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Q-10 Why do price controls tend to create ongoing shortages or surpluses in the long run?
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Q-9 If supply is perfectly inelastic, will price controls cause a large shortage?
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Q-10 Why do price controls tend to create ongoing shortages or surpluses in the long run?

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Microeconomics

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