When a binding price floor is imposed on a market to benefit sellers,
a. no sellers actually benefit
b. some sellers benefit, but no sellers are harmed.
c. some sellers benefit, and some sellers are harmed.
d. all sellers benefit.
c
Economics
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Explain the law of supply. What does the law of supply imply about the shape of the supply curve?
What will be an ideal response?
Economics
An association of producers that fixes common prices and output quotas is known as a
A) cartel. B) common selling organization. C) joint-marketing arrangement. D) trade association.
Economics