Multiple Choice
Why would a politician find it difficult to remove a binding price ceiling?
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 government,which receives additional tax revenue as a result
C) because it greatly benefits all consumers,and they are also voters
D) because it greatly benefits some consumers who are also voters
E) because it greatly benefits society as a whole,with all consumers able to buy as much as firms produce
Correct Answer:

Verified
Correct Answer:
Verified
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