When a Binding Price Floor Is Imposed on a Market

question 205

Multiple Choice

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.

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Definitions:

Desirable Behavior

Actions or conducts that are considered positive, beneficial, or preferable within a specific context, such as a workplace or social setting.

Expulsion

The act of forcibly removing someone from a place, position, or organization, typically as a punishment.

Welfare-based Justice

A principle of justice that focuses on the distribution of resources and opportunities to ensure the well-being and minimum standards of living for all.

Contribution-based Justice

The principle that rewards and recognition should be based on the level of contribution an individual or group makes.