An unintended consequence of price floors is:
A) non-price rationing must occur,and can lead to bribes.
B) the cost to taxpayers if the government buys all surplus.
C) the loss of surplus always outweighs the benefits of the policy.
D) the transfer of surplus from consumer to producer is rarely recognized.
Correct Answer:
Verified
Q35: Any tax on a good can:
A)discourage consumption
Q36: An effective price ceiling:
A)must be set above
Q37: An unintended consequence of price ceilings is:
A)non-price
Q38: An effective price floor:
A)must be set above
Q39: A prominent argument against the use of
Q41: A tax on sellers:
A)causes equilibrium price to
Q43: When a tax is imposed on a
Q44: The difference in the price the buyer
Q122: If the demand curve is less elastic
Q134: If the producers bear a smaller tax
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