A binding price floor may not help all sellers, but it does not hurt any sellers.

Name: A binding price floor may not help all sellers, but it does not hurt any sellers.
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

A binding price floor, set above the equilibrium price, can lead to a surplus where the quantity supplied exceeds the quantity demanded. This can hurt some sellers, especially those who cannot sell their goods due to reduced demand at the higher price.

A Binding Price Floor May Not Help All Sellers, but It