If producers support the proposed regulation of their industry, then:
A) it is likely that consumers will benefit from the regulation.
B) it is likely that the regulation will eliminate deadweight loss.
C) it is likely that both producers and consumers will be adversely affected by the legislation.
D) it is possible that consumers will be adversely affected by the legislation.
E) it is likely that prices will fall.
Correct Answer:
Verified
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