-Refer to the Diagram Above

question 26

Multiple Choice

-Refer to the diagram above.If producers all agree to raise the price of milk from $1.00 to $1.25,then which of the following is NOT true?

• A) Those producers who can sell the milk at $1.25 are better off.
• B) Those producers who are unable to sell all their milk at $1.25 are worse off.
• C) All consumers who are unable to purchase milk at the increased price are worse off.
• D) All those consumers who previously purchased milk at $1.00 are worse off.
• E) Those producers who can sell the milk at $1.25 are worse off.