Who benefits the most from price floors? OA. Importers OB. Consumers C. Exporters OD. Producers

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asked Mar 9, 2023 40.3k views

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Ramprasad · Answer 1 · 2023-03-16T11:56:11+0000

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.

Who benefits the most from price floors? OA. Importers OB. Consumers C. Exporters OD. Producers

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