Select the items that can describe a market with price controls.

a. equilibrium prices and quantities

b. government limits on price levels

c. efficient use of resources

d. minimum wage

e. rent control

Choose all that apply.

Question

Social Studies

Kylie Jimenez

25 July, 05:01

Select the items that can describe a market with price controls.

a. equilibrium prices and quantities

b. government limits on price levels

c. efficient use of resources

d. minimum wage

e. rent control

Choose all that apply.

+2

Answers (1)

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Bond · Answer 1

The items that can describe a market with price controls are:

b. government limits on price levels

d. minimum wage

e. rent control

These limitations were given to ensure that merchants and other businesses do not overprice goods and undervalue services. The price level and rents should be reasonable and the minimum wage must be sufficient to meet the basic needs of the person.

Select the items that can describe a market with price controls.a. equilibrium prices and quantitiesb. government limits on price levelsc. efficient use of resourcesd. minimum wagee. rent controlChoose all that apply.

Select the items that can describe a market with price controls.

a. equilibrium prices and quantities

b. government limits on price levels

c. efficient use of resources

d. minimum wage

e. rent control

Choose all that apply.