Refer to Exhibit 5-9

question 204

Multiple Choice

Refer to Exhibit 5-9. If the government were to remove a $3.50 price floor in the milk market, the result would be:

• A)​a decrease in price and increase in the quantity of milk supplied.
• B)​a decrease in price and increase in the quantity of milk demanded.
• C)​an increase in both price and the quantity of milk supplied.
• D)​an increase in both price and the quantity of milk demanded.

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