Which of the following is not a result of government price controls?
A) Some people win and some people lose.
B) A deadweight loss will occur.
C) Price controls benefit poor consumers but harm producers and wealthy consumers.
D) Price controls decrease economic efficiency.
Question 2
For-profit producers will produce only private goods because
A) buyers will be willing to pay for the goods since the benefits are excludable.
B) all external benefits can be internalized using market prices.
C) the cost of production can be easily determined.
D) markets exist for private goods but not for public goods.
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The energy set-point view that is the basis of many people’s thinking about hunger and eating.
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The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?