A market price support policy for crops establishes a price floor, which:
A) decreases the price paid by consumers.
B) does not change the price paid by consumers.
C) increases the price received by farmers.
D) decreases the price received by farmers.

Question

Quizplus · Accepted Answer

A market price support policy for crops establishes a price floor, which increases the price received by farmers. This policy ensures that the farmers get a fair price for their crops, which would otherwise be subject to market fluctuations. Consumers may experience a slight increase in prices due to the price floor, but it does not decrease the price paid by them.

A Market Price Support Policy for Crops Establishes a Price