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1. Which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?

A. Policymakers have thoroughly studied the effects of a price ceiling in this market and find there will be no adverse effects from this policy.
B. Buyers of coffee feel they would benefit from a price ceiling and have pressured policymakers to impose a ceiling on this market.
C. Sellers of coffee feel they would benefit from a price ceiling and have pressured policymakers to impose a ceiling on this market.
D. Buyers and sellers agreed that the policy will be mutually beneficial and together have pressure policymakers to impose a ceiling on this market.

2. Which is most likely the reason why policymakers would impose a a price floor on the market for dairy?

A. Policymakers have thoroughly studied the effects of a price floor in this market and find there will be no adverse effects from this policy.
B. Consumers of dairy feel they would benefit from a price floor and have pressured policymakers to impose a floor on this market.
C. Dairy farmers feel they would benefit from a price floor and have pressured policymakers to impose a floor on this market.
D. Buyers and sellers agreed that the policy will be mutually beneficial and together have pressure policymakers to impose a floor on this market.

Respuesta :

Answer:

1.  B- Buyers of coffee feel they would benefit from a price ceiling and have pressured policymakers to impose a ceiling on this market.

2. C- Dairy farmers feel they would benefit from a price floor and have pressured policymakers to impose a floor on this market.

The most likely reason why policymakers would impose a a price ceiling on the market for coffee is buyers of coffee feel they would benefit from a price ceiling and have pressured policymakers to impose a ceiling on this market.

The most likely reason why policymakers would impose a a price floor on the market for dairy is  Dairy farmers feel they would benefit from a price floor and have pressured policymakers to impose a floor on this market.

A price ceiling is when the government sets the maximum price for a good. A price ceiling is set below the equilibrium price so it benefits consumers of a good. Sellers, on the other hand, are disadvantaged because the profits they would earn would reduce.

A price floor is when the government sets the minimum price for a good. A price floor is set above equilibrium price. These benefits sellers because they earn more profits. On the other hand, buyers are disadvantaged because goods become more expensive.

To learn more about a price ceiling, please check: brainly.com/question/24312330?referrer=searchResults

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