Business, 06.03.2020 00:32 estherboocx

Do producers tend to favor price floors or price ceilings? Why? Producers favor A. price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus. B. price floors because, when binding, price floors decrease price below the equilibrium and increase producer surplus. C. price floors because, when binding, price floors increase price above the equilibrium and increaseincrease economic surpluseconomic surplus. D. price ceilings because, when binding, price ceilings increase price above the equilibrium and may increase producer surplus. E. price floors because, when non-binding, price floors increase price above the equilibrium and may increase producer surplus.

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Do producers tend to favor price floors or price ceilings? Why? Producers favor A. price floors bec...

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