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All of the Following Are Effects of U

Question 88

Multiple Choice

All of the following are effects of U.S.federal price supports on agricultural products,EXCEPT


A) the market cannot arrive at an equilibrium price through its normal market mechanism.
B) farmers grow a larger amount of surplus crops than consumers buy.
C) buyers pay more than they would if market conditions prevailed.
D) consumers' incomes are artificially raised by these agricultural price supports.
E) farmers' incomes are artificially raised by government subsidies.

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