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Economics - Financial Markets 13 Online
OpenStudy (anonymous):

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? a The dairy farmers will survive and there will be no adverse effects. b The dairy farmers will go out of business despite the government's attempt to save them. c The dairy farmers will survive, but milk will cost more. d The dairy farmers will go out of business as the entire economy collapses into a recession. PLEASE HELP

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