Multiple Choice
A March 2009 article in the Zimbabwe Herald indicates that the government there has removed price controls on certain foodstuffs and household items. What result would you expect from this action?
A) Market prices will fall as firms produce more.
B) Prices should rise, firms will produce more, and shortages will disappear.
C) There should be no change in market prices, but shortages will disappear.
D) Prices should rise, consumers will purchase less, and shortages will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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