A government steps in within the market for good X. It sets a minimum price above the market equilibrium. Which circumstance would account for the government doing this?
- Agood X: demerit good; reason for intervention: to decrease consumption
- Bgood X: demerit good; reason for intervention: to increase consumption
- Cgood X: merit good; reason for intervention: to decrease consumption
- Dgood X: merit good; reason for intervention: to increase consumption