Prices above equilibrium on agricultural products like milk exist to maximize the consumer surplus.

Name: Prices above equilibrium on agricultural products like milk exist to maximize the consumer surplus.
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Question

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Prices above equilibrium on agricultural products like milk decrease consumer surplus by forcing consumers to pay more for the product, potentially leading to market inefficiencies such as shortages and surpluses. Prices at equilibrium maximize both consumer and producer surplus.

Prices Above Equilibrium on Agricultural Products Like Milk Exist to Maximize