who is typically protected when governments set price floors? (1 point) producers from high market prices…
who is typically protected when governments set price floors? (1 point) producers from high market prices consumers from high market prices producers from low market prices consumers from low market prices
Answer
Answer:
C. producers from low market prices
Brief Explanations:
A price - floor is a minimum price set by the government. It protects producers from having to sell at very low market - clearing prices, ensuring they receive a certain minimum income.