Ask Question
3 September, 12:58

Do producers tend to favor price floors or price ceilings? Why?

+4
Answers (1)
  1. 3 September, 13:11
    0
    Do producers tend to favor price floors or price ceilings? ... price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus. A black market is. a market in which buying and selling occur at prices that violate government price and regulations.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Do producers tend to favor price floors or price ceilings? Why? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers