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Governments often set price floors in an effort to protect: A producers from high market prices B producers from low market prices C consumers from low market prices D consumers from high market prices
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36 votes
36 votes
Governments often set price floors in an effort to protect:

A producers from high market prices

B producers from low market prices

C consumers from low market prices

D consumers from high market prices

User Glenford
by
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2 Answers

28 votes
28 votes

Answer:

B) Producers from low market prices

User Dupdup
by
3.2k points
10 votes
10 votes

Answer:

B) Producers from low market prices

Step-by-step explanation:

Price floors are usually used in order to ensure that the market price of a commodity does not fall below a level that would threaten the financial existence of producers of the commodity.

User Pfried
by
2.4k points
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