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If a Government Enacts a Price Floor on Agricultural Products

Question 175

Multiple Choice

If a government enacts a price floor on agricultural products to protect wheat farmers, the result is likely going to be


A) an increase in price with a surplus of wheat.
B) an increase in price with a shortage of wheat.
C) a decrease in price with a surplus of wheat.
D) a decrease in price with a shortage of wheat.

Correct Answer:

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