Suppose the equilibrium price for a gallon of milk is $2.50,but due to government price supports,the minimum legal price is $2.75 per gallon.Then this price floor:
A) causes a surplus of milk in the market.
B) causes a shortage of milk in the market.
C) has no impact on equilibrium in the market.
D) results in quantity demanded exceeding quantity supplied.
Correct Answer:
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