Farm price support programs most often take the form of price
A)Ceilings above the equilibrium price.
B)Floors above the equilibrium price.
C)Ceilings below the equilibrium price.
D)Floors below the equilibrium price.

Question

Quizplus · Accepted Answer

Farm price support programs typically involve setting price floors above the equilibrium price to ensure that farmers receive a minimum price for their products, which is higher than what the market would naturally provide.

Farm Price Support Programs Most Often Take the Form of Price