Agriculture price supports that establish a price floor at which agricultural products may be purchased that exceeds the market clearing price
Select one:
a. create a shortage of agricultural products.
b. benefit taxpayers, who receive subsidies from producers that the price support program forces to sell to the government at an artificially established price.
c. result in the quantity of these products supplied exceeding the quantity demanded at the floor price.
d. benefit consumers, who are willing and able to purchase more agricultural products at the floor price.
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