The government might impose a price floor if _____ in a market can make a strong moral or political argument for _____ prices.
A)consumers;lower
B)producers;lower
C)consumers;higher
D)producers;higher

Question

Quizplus · Accepted Answer

The question mentions a "strong moral or political argument" which is usually made by producers in favor of higher prices due to various reasons such as fair wages for workers, protecting the environment, and maintaining quality standards. Therefore, the government would impose a price floor to support these arguments and ensure that producers receive a minimum price for their goods or services.

The Government Might Impose a Price Floor If _____ in a Market