Governments often set price floors in an effort to protect _____.(1 point) consumers from high market prices c

Question

Governments often set price floors in an effort to protect _____.(1 point)

consumers from high market prices

consumers from low market prices

producers from high market prices

producers from low market prices

GPT-5 mini · Answer

producers from low market prices

Price floors set a minimum legal price (usually above equilibrium) so sellers receive higher prices than the market would otherwise pay.

Governments often set price floors in an effort to protect _____.(1 point)

consumers from high market prices

consumers from low market prices

producers from high market prices

producers from low market prices

All Answers 1

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Governments often set price floors in an effort to protect _____.(1 point) consumers from high market prices consumers from low market prices producers from high market prices producers from low market prices

All Answers 1

Submit Your Answer

Governments often set price floors in an effort to protect _____.(1 point)

consumers from high market prices

consumers from low market prices

producers from high market prices

producers from low market prices