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34 votes
34 votes
Who benefits the most from price floors?

OA. Importers
OB. Consumers
C. Exporters
OD. Producers

User Cfranco
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1 Answer

7 votes
7 votes

Answer:

Producers

Step-by-step explanation:

Producers are better off as a result of the binding price floor if the higher price (higher than equilibrium price) makes up for the lower quantity sold. Consumers are always worse off as a result of a binding price floor because they must pay more for a lower quantity.

User Solinent
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