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If government sets a minimum price above the equilibrium price:

jacksonfive09

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5 years ago

If government sets a minimum price above the equilibrium price:

If government sets a minimum price above the equilibrium price:

▸ some producers gain at the expense of consumers and the total surplus decreases.

▸ some consumers gain at the expense of producers and the total surplus decreases.

▸ some producers gain at the expense of consumers and the total surplus increases.

▸ some consumers gain at the expense of producers and the total surplus increases.

Textbook

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 138 times

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christinaalex

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5 years ago

some producers gain at the expense of consumers and the total surplus decreases.

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jacksonfive09 Author

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5 years ago

Brilliant

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