-Refer to the diagram above.If producers all agree to raise the price of milk from $1.00 to $1.25,then
A) only consumers are worse off.
B) only producers are worse off.
C) some consumers and some producers will be better off.
D) some producers are better off and some producers are worse off.
E) all producers are better off.

Question

-Refer to the diagram above.If producers all agree to raise the price of milk from $1.00 to $1.25,then
A) only consumers are worse off. 
B) only producers are worse off. 
C) some consumers and some producers will be better off. 
D) some producers are better off and some producers are worse off. 
E) all producers are better off.

Quizplus · Accepted Answer

The Answer of 
-Refer to the diagram above.If producers all agree to raise the price of milk from $1.00 to $1.25,then
A) only consumers are worse off. 
B) only producers are worse off. 
C) some consumers and some producers will be better off. 
D) some producers are better off and some producers are worse off. 
E) all producers are better off.

-Refer to the Diagram Above