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Tmac98stang Tmac98stang
  • 29-02-2016
  • History
Answered

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 of this price floor?

Verified Answer :

csiagent
csiagent csiagent
  • 29-02-2016

The dairy farmers will survive, but milk will cost more.

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