Parity pricing can be used as a substitute for price floors because it
A) creates the same excess demand
B) allows farmers to earn income without producing goods
C) determines the value of farm goods using market mechanisms
D) has the same effect as a rationing scheme
E) is designed to maintain farmers' purchasing power
Correct Answer:
Verified
Q121: Q122: Price floors are used as a method Q123: One of the problems created by price Q124: A major justification for the use of Q125: The intent of parity pricing is to Q127: One of the major drawbacks associated with Q128: Certain religious texts prohibit charging interest to Q129: Which of the following is most likely Q130: If the government imposes a price ceiling Q131: Price ceilings and floors have traditionally been
A)
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