Price floors and price ceilings
A) always reduce total surplus.
B) reduce consumer surplus and increase producer surplus.
C) reduce producer surplus and increase consumer surplus.
D) Not enough information to determine.
D
Economics
You might also like to view...
Describe what is meant by economies of scope and explain how financial institutions' realizing economies of scope has led to an increase in conflicts of interest
What will be an ideal response?
Economics
Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
A) credit rationing B) restrictive covenants C) credit-risk analysis D) adverse selection
Economics