3 (a)The Malaysian government controls prices during festivities. Why do they do that? [15 marks] 3(b)...

3 (a)The Malaysian government controls prices during festivities. Why do they do that? [15 marks]

3(b) Based on your answer in (a), do these price controls work? Suggest ways to control price. [15 marks]

Expert Solution

Rahul Sunny answered 2 years ago

"Explain why economists usually oppose controls on prices"

"Explain why economists usually oppose controls on prices

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