bristolbrown bristolbrown
  • 03-02-2020
  • Social Studies
contestada

Do producers tend to favor price floors or price ceilings? Why?

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rachaelmorozov
rachaelmorozov rachaelmorozov
  • 06-02-2020

Answer:

Do producers tend to favor price floors or price ceilings? ... price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus. A black market is. a market in which buying and selling occur at prices that violate government price and regulations.

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