In the market for cotton,suppose the equilibrium price is $10 per ton and the equilibrium quantity is 100 tons.If the government then imposes a price support of $5 per ton,
A) a deadweight loss is created.
B) the market becomes more efficient.
C) consumer surplus increases.
D) producers' economic profits increase.
E) None of the above answers is correct.

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The Answer of In the market for cotton,suppose the equilibrium price is $10 per ton and the equilibrium quantity is 100 tons.If the government then imposes a price support of $5 per ton,
A) a deadweight loss is created.
B) the market becomes more efficient.
C) consumer surplus increases.
D) producers' economic profits increase.
E) None of the above answers is correct.

In the Market for Cotton,suppose the Equilibrium Price Is $10