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need answer for this question watch

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    b) Discuss whether preventing the price mechanism from working freely by usinggovernment price controls can ever be effective. ?
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    It creates efficiency loss by distorting consumer & producer surplus but it creates tax revenue and (just only large countries which can influence the world price) terms of trade gain for importing country when price is driven up by the tariff protection.

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Updated: February 22, 2016
Poll
Do you agree with the proposed ban on plastic straws and cotton buds?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

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