Number of Sellers of X. 4. For some goods, the weather or season. Characteristics of production substitutes and complements. Because the public doesn t understand the role of price movements in a market economy, the public often demands policy fixes to things that aren t broken. In Competitive Markets, Relevant Price Controls create growing imbalances.
Buyers always get the most at the market equilibrium.
Some form of discrimination must be practiced. Price Controls eliminate the market penalty for discrimination. In Addition, Landlords are Sometimes Allowed to Raise Rents Between Tenants.