Price Controls Flashcards
1
Q
Governments can set a Maximum Price for a good or service
A
look at graph on page 93
2
Q
Governments can be set a Minimum Price for a good or service
A
look at graph on page 93
3
Q
Advantages and disadvantages of maximum prices
A
look at purple section on the page
4
Q
Advantages and disadvantages of minimum prices
A
look at turquoise section
