Business, 21.02.2020 21:27 carlshiabrown

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 shortage of milk.
d. There will be a surplus of milk.

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If a government-imposed price floor legally sets the price of milk above market equilibrium, which o...

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