Question

Please help :o!
In the 1970s, the U.S. government set the price for gasoline around one dollar per gallon. Define price controls and describe how some people believe they protect competition.

Answer 1

@denyspro

Answer 2

@thomaster

Answer 3

@karatechopper

Answer 4

\[HELP ME ! ;O\]

Answer 5

Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.

The intent behind implementing such controls can stem from the desire to maintain affordability of staple foods and goods, to prevent price gouging during shortages, and to slow inflation, or, alternatively, to insure a minimum income for providers of certain goods or a minimum wage.

There are two primary forms of price control, a price ceiling, the maximum price that can be charged, and a price floor, the minimum price that can be charged.

Answer 6

According to wikipedia lol

Answer 7

OFF GOOGLE?

Answer 8

Psssh...

Answer 9

LOL !

Answer 10

Write it in your own words maybe you'll get a medal ;)

Answer 11

Wikipedia is good for gaining background knowledge fyi

Answer 12

Lmfaooo!

Answer 13

<('3')>

Answer 14

Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.

he intent behind implementing such controls can stem from the desire to maintain affordability of staple foods and goods, to prevent price gouging during shortages, and to slow inflation, or, alternatively, to insure a minimum income for providers of certain goods or a minimum wage.

the answer s in there, just reword

Answer 15

;o