Consequences of price controls

Write a paper summarizing some of the consequences of price controls. Please try to achieve maximum content and analysis, and address the following: 1.Summarize the role of prices in an economy. 2.Contrast the consequences of prices in a free economy with the consequences of prices in a controlled economy. 3.Give at least one example of the unintended consequences of price controls. (The book used in class is called Basic Economics by Thomas Sowell 2010 4th ed

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