Why would the govt want to limit gas price increases isnt, Ask an Expert

Economics

Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources?

Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capitalism? Are we contradicting ourselves?

Why not just control all prices, all the time?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403019

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