If the government imposes a binding price floor on sugar, it may also have to .
举一反三
- The sugar import quotas of the U.S. government have tended to increase the market price of sugar, thus reducing the costs to the government of maintaining sugar price supports for domestic growers.
- If the equilibrium price of an airline ticket is ￥1000 and the government imposes a price floor of ￥1200 on airline tickets, then fewer airline tickets will be sold than at the market equilibrium.
- If the government imposes a maximum price for milk that is above the equilibrium price:
- When a binding price floor is imposed on a market to benefit sellers,
- The imposition of a binding price floor on a market causes quantity demanded to be