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Quote by Gregory Maguire

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Gregory Maguire
Gregory Maguire

Gregory Maguire is an American novelist known for his reinterpretation of classic fairy tales. His works are characterized by profound moral implications and rich imagination, which have won him a wide audience. more

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“Sellers in general maintain the quality of their products and services for fear of losing customers otherwise. But, when price controls create a situation where the amount demanded is greater than the amount supplied - a shortage - fear of losing customers is no longer as strong an incentive. For example, landlords typically reduce painting and repairs when there is rent control, because there is no need to fear vacancies when there are more tenants looking for apartments than there are apartments available.”