If a Government-Imposed Price Floor Legally Sets the Price of Milk

question 157

Multiple Choice

If a government-imposed price floor legally sets the price of milk above market equilibrium, which of the following will most likely happen?

• A) The quantity of milk demanded will increase.
• B) The quantity of milk supplied will decrease.
• C) There will be a surplus of milk.
• D) There will be a shortage of milk.

---

Definitions:

Contraception

Methods or devices used to prevent pregnancy and reduce the risk of sexually transmitted infections.

Consequences

The outcomes or effects that result from a specific action or set of actions, impacting future choices and behaviors.

Teenage Pregnancy

A term used to describe pregnancies in adolescent females under the age of 20.

Suicide

The act of intentionally causing one's own death, often associated with factors like mental disorders, substance abuse, difficult life situations, or feelings of despair.