1.7. Price controls distribute resources in many unintended ways. In the following cases, who will probably spend...

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1.7. Price controls distribute resources in many unintended ways. In the following cases, who will probably spend more time waiting in line to get scarce, price-controlled goods? Choose one from each pair:

a. Working people or retired people?

b. Lawyer who charge $800 per hour or fastfood employees who earn $8 per hour?

c. People with desk jobs or people who can disappear for a couple of hours during the day?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 12:00 AM

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1.7. Price controls distribute resources in many unintended ways. In the following cases, who will probably spend...

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Modern Principles Macroeconomics

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