Producer groups tend to lobby for
A) price floors.
B) price ceilings.
C) quantity quotas.
D) taxes.

Question

Quizplus · Accepted Answer

Producer groups tend to lobby for price floors to ensure that the price of their product remains above a certain level, thereby increasing their revenue and profits. Price ceilings, quantity quotas, and taxes, on the other hand, would limit their ability to sell or increase their costs, making them less likely to seek these policies.

Producer Groups Tend to Lobby for