A price floor is considered
A) "fair" based only on the fair results view.
B) "fair" based only on the fair rules view.
C) "unfair" based on both the fair results and fair rules views.
D) "unfair" based only on the fair results view.
E) "fair" based on the fair results view and on the fair rules view.

Question

Quizplus · Accepted Answer

A price floor is considered "unfair" because it can lead to inefficiencies such as surpluses and misallocation of resources, which are viewed as unfair in both the fair results and fair rules perspectives.

A Price Floor Is Considered