Government Intervention Flashcards by Eugine Spicer Betsy Eugine (Catholicjc) | Brainscape

Q

What is the rationale for gov intervention?

A

encourage, discourage or even prohibit

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Q

What will gov change if they want to influence equilibrium price?

A

Price controls

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Q

What will gov change if they want to influence equilibrium quantity?

A

Quantity control

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