If the Intended Aim of the Price Floor Set in the Graph

question 92

Multiple Choice

If the intended aim of the price floor set in the graph shown was a net increase in the well-being of producers,then normative analysis would conclude that:

• A) the policy was effective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
• B) the policy was ineffective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
• C) the policy was effective, since surplus gained by producers through higher prices is greater than the surplus lost by consumers through higher prices.
• D) there is no "right" conclusion to be reached in a normative sense, since people have different opinions concerning what constitutes a better outcome.

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Definitions:

Gender Influences

The effect that gender roles and expectations can have on behaviors, communication styles, preferences, and opportunities in society.

Tentative

Describes something that is not final or firmly established; provisional or uncertain.

Masculine

Characteristic of or associated with men, often related to attributes or roles traditionally regarded as male.

Feminine

Qualities or attributes regarded traditionally as being typical of or appropriate for a woman.