Question 4 of 29
The government might enact a price floor in order to accomplish what?
A. Increase demand
B. Prevent a budget deficit
C. Protect producers
D. Reduce the money supply

Question

02-05-2021
Social Studies

Answered

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Question 4 of 29
The government might enact a price floor in order to accomplish what?
A. Increase demand
B. Prevent a budget deficit
C. Protect producers
D. Reduce the money supply

Sagot :

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Netta00 Netta00 · Answer 1 · 2021-05-07T08:30:20-04:00

Netta00 Netta00

07-05-2021

Answer:

Option C

Explanation:

Price floor determines the extent to which the price of any product or commodity can be reduced from its market equilibrium price. This is a strategy to safeguard the producers from losses.

Hence, option C is correct

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