Describe a situation where prices have been held out of equi
a. Describe a situation where prices have been held out of equilibrium due to government intervention in the market-the obvious ones discussed in the text are rent control and agricultural subsidies. You may use a specific example of one of these, or any other example.
b. Were there any unintended consequences in your example?
Describe a situation where prices have been held out of equilibrium due to government ...
Solution Summary
Describe a situation where prices have been held out of equilibrium due to government intervention in the market-the obvious ones discussed in the text are rent control and agricultural subsidies. You may use a specific example of one of these, or any other example.
b. Were there any unintended consequences in your example?
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