If the Government Imposes a Maximum Price for Milk That

question 78

Multiple Choice

If the government imposes a maximum price for milk that is above the equilibrium price,

• A) this maximum price for milk will have no economic impact.
• B) quantity demanded of milk will be less than quantity supplied.
• C) demand for milk will be greater than supply.
• D) the available milk supply will have to be rationed.

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