146) Which of the following is not an argument against government intervention in a market?
Answer is:
If the government raises output above the free market level, consumers will get no benefit from the extra units of output.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
To have any effect, the price ceiling must be set at a higher level than the original market price
Answer is:
The removal of an effective price floor
Answer is:
The gap between S+tax and S will be Rs.5 at each quantity
Answer is: