If the intended aim of the price floor set in the graph shown was a net increase in the well-being of producers, then normative analysis would conclude that:
A. the policy was ineffective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
B. there is no "right" conclusion to be reached in a normative sense, since people have different opinions concerning what constitutes a better outcome.
C. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus lost by consumers through higher prices.
D. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
Answer: B
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In the above figure, which movement illustrates the impact of the price level and money wage rate rising at the same rate?
A) E to H B) E to K C) E to G D) E to J
Which policy measure requires investment banks to make public their analysts' recommendations?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994