Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 6 - Market Efficiency and Government Intervention - Exercises - 6.2 Market Equilibrium and Efficiency - Page 147: 2.5

Answer

producers; consumers; producers

Work Step by Step

The suppliers who are able to sell their goods at the minimum price benefit from a larger surplus, but other suppliers are harmed by the decreased demand. Consumers are harmed because they have to pay more for the product.
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