When policymakers set prices by legal decree, they obscure the signals that normally guide the allocation of society's resources?

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09-03-2019
Business

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When policymakers set prices by legal decree, they obscure the signals that normally guide the allocation of society's resources?

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MsTeel MsTeel · Answer 1 · 2019-03-12T02:53:33+01:00

MsTeel MsTeel

12-03-2019

True- prices are supposed to be controlled by the changing equilibrium of supply and demand and when the government sets a price it may increase or decrease demand or supply in a way that would not naturally take place.

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