Question
Economists use supply and demand to explain markets. These markets are often not perfect, hence the government intervention. This form of intervention does have a
Economists use supply and demand to explain markets. These markets are often not perfect, hence the government intervention. This form of intervention does have a positive and negative impact on the market as well as participants. Find a current news article or video (within the past 12 months) that describes some government intervention in the economy with the intent of controlling prices. Identify the parties who benefit and those who are or will be hurt by this intervention. What unintended consequences will likely or have occurred as a result of this intervention. What is your opinion on this matter? Why? Include your thoughts and the link to the article in your post.
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