If the intended aim of the price floor set in the graph shown was a net increase in the well-being of producers, then normative analysis would conclude that:
A. the policy was ineffective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
B. there is no "right" conclusion to be reached in a normative sense, since people have different opinions concerning what constitutes a better outcome.
C. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus lost by consumers through higher prices.
D. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
Answer: B
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