Multiple Choice
If you were a politician,why would you 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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