Question

In order to protect dairy farmers from bankruptcy, the government creates a price floor making it illegal to sell milk below a profitable price. What will be the economic effects on this price floor?
A. dairy farmers will survive and there will be no adverse effects
B. dairy farmers will go out of business as entire economy collapses into a recession
C dairy farmers will survive, but milk will cost more
D. dairy farmers will go out of business despite governments attempt to save the,

Answer 1

The correct answer is c hope this helps