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Business, 07.05.2021 03:00 nisazaheer

In late​ 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New York Times​, Javier Corrales​ argued, "The government is making the crisis worse by...imposing more price​ controls." ​Source: Javier​ Corrales, "The Venezuelan Crisis Is Part of​ Maduro's Plan," New York Times​, September​ 25, 2018. ​Shouldn't price controls help reduce malnutrition by lowering the price of food so more people can afford​ it? A. No. Price controls are intended exclusively to help support farmers to ensure that they are receiving a high enough price for their products to be able to keep supplying food. B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller​ quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control. C. Yes. Price​ controls, by​ definition, will always help reduce malnutrition by lowering the price of food so more people can afford it. D. No. Imposing a price control above the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller​ quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.

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In late​ 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New Yor...
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