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corie corie
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Posts: 767
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6 years ago
Suppose the equilibrium price of milk is $3 per gallon but the federal government sets the market price at $4 per gallon.  The market mechanism will force the milk price back down to $3 per gallon unless the government:
A) rations the excess demand for milk among consumers.
B) buys the excess supply of milk and removes it from the market.
C) Both A and B are plausible actions.
D) The government cannot maintain the price above the equilibrium level.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
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6 years ago
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corie Author
wrote...

6 years ago
Thanks
annakc
wrote...

Yesterday
Good timing, thanks!
aricketts6@
wrote...

2 hours ago
Helped a lot
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