Consequences of price control measures

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The consequences of price control measures are largely linked to changes in the level of output and the elasticities of supply and demand. Moreover, the imposition of statutory prices has not been much effective in achieving the intended objectives. Give explanations that are supportive of this argument:

Reference no: EM131068605

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Effective in achieving the intended objectives : The consequences of price control measures are largely linked to changes in the level of output and the elasticities of supply and demand. Moreover, the imposition of statutory prices has not been much effective in achieving the intended objective..
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