Why would a politician find it difficult to remove a binding price ceiling?
A) because it greatly benefits firms,and they would spend a lot of money to lobby against the law's repeal
B) because it greatly benefits government,which receives additional tax revenue as a result
C) because it greatly benefits all consumers,and they are also voters
D) because it greatly benefits some consumers who are also voters
E) because it greatly benefits society as a whole,with all consumers able to buy as much as firms produce

Question

Quizplus · Accepted Answer

If a binding price ceiling greatly benefits some consumers who are also voters, a politician may find it difficult to remove it as those voters may be resistant to losing the benefits.

Why Would a Politician Find It Difficult to Remove a Binding