Which side of the market is more likely to lobby government for a price floor?

Question

Quizplus · Accepted Answer

Sellers are more likely to lobby for a price floor as they want to ensure they can sell their goods at a higher price and make more profit. A price floor would prevent prices from falling below a certain level, which would benefit sellers. Buyers, on the other hand, would prefer lower prices and would not want a price floor. Option A, D, and B are incorrect as both buyers and sellers do not desire a price floor, or both would desire a price floor, which is not accurate.

Which Side of the Market Is More Likely to Lobby