Question

PLEASE HELP, I WILL GIVE YOU A MEDAL ;)

Answer 1

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 2

@ParthKohli @rose21 @hba @texaschic101 @tester97 @keana @SeaTurtle113 plz help

Answer 3

Well, in the 1970s, the U.S. government set the price for gasoline around one dollar per gallon, to keep competitors from raising or dropping their prices too high or too low. 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. In other words, 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.

Answer 4

WOW LOL ;)

Answer 5

so what would i have to write? lol

Answer 6

or do i say this:In the 1970s, the U.S. government set the price for gasoline around one dollar per gallon, to keep competitors from raising or dropping their prices too high or too low

Answer 7

I would explain in detail

Answer 8

....... i dont get it

Answer 9

or is what i wrote good? ;)

Answer 10

if i were you, i woudl say "in the 1970s, the U.S. government set the price for gasoline around one dollar per gallon, to keep competitors from raising or dropping their prices too high or too low. 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."

Answer 11

oh ok, thank u so much I really do understand now ;)