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Who benefits the most from price floors?

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

User Fetrarij
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1 Answer

2 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 Ramprasad
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