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19 April, 05:01

Do producers tend to favor price floors or price ceilings? Why?

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  1. 19 April, 07:12
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    Do producers tend to favor price floors or price ceilings? ... price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus. A black market is. a market in which buying and selling occur at prices that violate government price and regulations.
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