In year 2008,1334 million lbs of milk was produced and sold in U.S.This is
A)the decision of the U.S.department of agriculture.
B)quantity determined by the interactions in the market.
C)the maximum amount the producers could produce.
D)what consumers needed.

Question

Quizplus · Accepted Answer

The quantity of milk produced and sold in the US is determined by the interactions in the market, which includes the supply from producers and the demand from consumers. The US government may have some regulations and policies on milk production, but ultimately, the production and sale of milk is driven by market forces. Therefore, option B is the most appropriate answer.

In Year 2008,1334 Million Lbs of Milk Was Produced and Sold