If Lucy Were a Politician,why Would She Find It Difficult

question 52

Multiple Choice

If Lucy were a politician,why would she 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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