Discuss the resources of the price controls

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Reference no: EM131824291

Question: Price controls distribute resources in many unintended ways. In the following cases, who will probably spend more time waiting in line to get scarce, price-controlled goods? Choose one from each pair:

a. Working people or retired people?

b. Lawyers who charge $800 per hour or fast food employees who earn $8 per hour?

c. People with desk jobs or people who can disappear for a couple of hours during the day?

Reference no: EM131824291

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