Why do people tend to favor price control in economics?

Because they're morons.


Price control yields three possibilities:


a) By happenstance it does nothing at all because it matches the natural market price. This almost never happens and if it does it isn't meaningfully a control, is it?


b) It's too low and causes shortages of product


c) It's too high and creates shortages of consumption.





So, in a rare ';best case'; it's completely useless. In every other case it does harm.Why do people tend to favor price control in economics?
No one favors price control in economics. It means the market will not clear.Why do people tend to favor price control in economics?
supply and demand?