When the support price for milk and dairy products is higher than the market equilibrium price, _____.​ a. ​the producer

When the support price for milk and dairy products is higher than the market equilibrium price, _____.​ a. ​the producer surplus enjoyed by dairy farmers decreases b. ​a typical consumer-taxpayer pays an artificially high price for milk and, as a taxpayer, also pays for the surplus milk c. ​farmers decrease their quantity supplied in response to the higher price d. ​farmers end up earning a negative rate of return on their investment in the long run e. ​the prices of specialized resources, such as cows and pasture land, decrease

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