If the government removes the surplus that results from an agricultural price floor, all producers receive a ________price and all consumers pay a ________price than the equilibrium price.

Question

Quizplus · Accepted Answer

When the government removes a surplus that results from an agricultural price floor, producers receive a lower price and consumers pay a higher price than the equilibrium price, as the market moves back to equilibrium where supply equals demand.

If the Government Removes the Surplus That Results from an Agricultural