Multiple Choice
As a seller of a product subject to a binding price floor,you would be better off in which of the following situations?
A) You would be better off under a binding price floor because you would be able to sell all that you produce at a higher price.
B) You would be better off under a binding price floor because you would be able to sell goods that are smaller and cost less to produce.
C) You would be better off under a binding price floor because you would be able to sell goods of lower quality, which cost less to produce.
D) You would be better off under a binding price floor because you could sell any of the resulting surplus to the government.
E) There is no scenario where a seller is better off when selling a good that is subject to a binding price floor.
Correct Answer:

Verified
Correct Answer:
Verified
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