Evaluating a Price Control Policy
A city government is considering a law that would make it illegal to resell tickets for concerts and sporting events for more than their original face value. The stated goal is to protect consumers from "price gouging." Using the economic principle that voluntary exchanges create mutual benefits, write a response that evaluates this proposed law. In your evaluation, consider who is affected and how the law might lead to outcomes that are less efficient than allowing the transactions to occur at freely determined prices.
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CORE Econ
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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Evaluating a Price Control Policy
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