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In order to protect dairy farmers from bankruptcy, the government creates a price floor making it illegal to sell milk below a profitable price. what will be the economic effect…

In order to protect dairy farmers from bankruptcy, the government creates a price floor making it illegal to sell milk below a profitable price. what will be the economic effect…
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in order to protect dairy farmers from bankruptcy, the government creates a price floor making it illegal to sell milk below a profitable price. what will be the economic effects of this price floor?

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User Xenish
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1 Answer

2 votes
The dairy farmers will survive, but milk will cost more.
answered
User Daniel Medina
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7.4k points
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