Chapter 6/Supply, Demand, and Government Policiesv 259Chapter 6Supply, Demand, and Government PoliciesMultiple Choice1.Price controls are usually enacted a.as a means of raising revenue for public purposes.b.when policymakers believe that the market price of a good or service is unfair to buyers or sellers.c.when policymakers detect inefficiencies in a market.d.All of the above are correct.ANS: BPTS: 1DIF: 1REF: 6-0TOP: Price ceilings | Price floorsMSC: Interpretive
