Question: Why do some consumers tend to favor price controls while others tend to oppose them? to because of a shortage. B . Price ceilings generate
Why do some consumers tend to favor price controls while others tend to oppose them? to because of a shortage.
B Price ceilings generate shortages. Consequently, consumers surplus increases, but producer surplus decreases. unable to because of a shortage.
D Price ceilings generate surpluses. Consequently, consumers who obtain the product at a lower price win, but consumers who obtain the product at a higher price lose.
E None of the above.
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