Which of the following is unlikely to occur as a result of a price support program?
A) A reduction in consumer surplus
B) A reduction in producer surplus
C) An increase in quantity purchased
D) An economic cost to government
E) Improved economic efficiency

Question

Quizplus · Accepted Answer

A price support program typically increases producer surplus by ensuring higher prices for producers, not reducing it.

Which of the Following Is Unlikely to Occur as a Result