218k views
1 vote
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?

User Xenish
by
8.2k points

1 Answer

2 votes
The dairy farmers will survive, but milk will cost more.
User Daniel Medina
by
7.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.