The Benefit of a Price Floor to ________ Is ________

question 80

Multiple Choice

The benefit of a price floor to ________ is ________.

• A) producers; the selling price of the product is above the equilibrium price
• B) producers; the floor creates excess demand
• C) consumers; the selling price of the product is below the equilibrium price
• D) consumers; the floor creates excess supply

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Definitions:

Manufacturing Facilities

Locations where products are produced or assembled.

Capacity Allocation

The process of assigning available resources or space to various operations, tasks, or productions within an organization.

Facility Role

The defined responsibilities and functions of a facility within an organization or network, such as manufacturing, storage, or distribution.

Positive Externalities

Benefits that affect uninvolved third parties resulting from an economic activity or transaction.