Recall the application about price controls and the candy bars. During World War II, the U.S. government imposed price controls to set maximum prices on all different products, including candy bars. How did the candy bar producers respond to maximum prices?

Question

A. Producers increased the supply of candy bars.
B. Producers shrank the weight of the candy bars.
C. A lot of the producers dropped out of candy bar market.
D. none of the above

An- B

Answer 1

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