Question
A price floor will lead to a transfer of consumer surplus to producer surplus; a price ceiling will lead to a transfer of producer surplus
A price floor will lead to a transfer of consumer surplus to producer surplus; a price ceiling will lead to a transfer of producer surplus to consumer surplus; both price regulations lead to deadweight losses.
Which is a loss of surplus to society.Why?
Please answer and include a link to reference
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
