An Argument Against Price Floors Is

question 83

Multiple Choice

An argument against price floors is:

• A) non-price rationing must occur, and can lead to consumers waiting in line.
• B) the cost to taxpayers if the government buys all surplus.
• C) producers will reduce the quality of the goods they sell.
• D) they transfer surplus from producers to consumers.

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Definitions:

Small Corporations

Businesses incorporated under the laws of a state that have a limited number of shareholders and meet certain other criteria.

Benefit Corporation

A type of for-profit corporate entity that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.

Public Benefit

A positive impact or contribution to the wellbeing of the general public or community at large.

Materially Affected

A condition in which a party's rights, duties, or interests are significantly influenced or altered, typically in a legal or financial context.