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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 :

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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