If You Were a Politician,why Would You Find It Difficult

question 160

Multiple Choice

If you were a politician,why would you find it difficult to remove a binding price floor?

• A) because it greatly benefits firms, and they would spend a lot of money to lobby against the law's repeal
• B) because it greatly benefits all consumers, who are also voters
• C) because it greatly benefits society as a whole, with all consumers able to buy as much as firms produce
• D) because it is not difficult to remove; the legal market price or quantity are not affected
• E) because it greatly benefits the government, which receives additional tax revenue as a result

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Definitions:

Eka-Aluminum

A historical name for gallium, predicted by Mendeleev using his periodic table before it was discovered, exhibiting similar properties to aluminum.

Gallium

A soft, silvery metal that is used in electronics, such as semiconductors, due to its unique melting properties.

Eka-Silicon

Historically used term to describe an element predicted to exist by Mendeleev's periodic table and later identified as Germanium (Ge).

Germanium

A chemical element with the symbol Ge, used as a semiconductor in electronic devices.