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Loraine Loraine
wrote...
Posts: 4563
8 years ago
Both price supports and a price floor can
A) create a deadweight loss.
B) decrease output below the equilibrium quantity.
C) decrease the price below the equilibrium price.
D) increase consumer surplus.
E) have no effect on producer surplus.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 327 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
Top Poster
Posts: 1913
8 years ago
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Loraine Author
wrote...

8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
yen
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Good timing, thanks!
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