Multiple Choice
As a seller of a product subject to a binding price floor,Makayla would be better off in which of the following situations?
A) Makayla would be better off under a binding price floor because she would be able to sell all that she produces at a higher price.
B) Makayla would be better off under a binding price floor because she would be able to sell goods that are smaller and cost less to produce.
C) Makayla would be better off under a binding price floor because she would be able to sell goods of lower quality,which cost less to produce.
D) Makayla would be better off under a binding price floor because she 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
Q130: What is the incentive to create a
Q131: If a good is subject to a
Q132: Explain the term "clearing the market."
Q133: How would an economist explain a teenager's
Q134: Use the following information to answer the
Q136: Use the following information to answer the
Q137: The long-run effects of rent control support
Q138: What will an individual do differently as
Q139: An election is coming up.The government has
Q140: In the U.S.sugar market<br>A) subsidies costs taxpayers