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 because they want to ensure that they receive a higher price for their goods or services, which may not be possible in a competitive market without government intervention. Buyers, on the other hand, generally prefer lower prices and may not see a need for a price floor. Option B is not correct because in some cases, either buyers or sellers may desire a price floor. Option D is also not correct because if both buyers and sellers desire a price floor, it is unlikely that there would be much lobbying as there would be no disagreement between the two sides.

Which Side of the Market Is More Likely to Lobby