All of the following result from price floors in agriculture EXCEPT
A) surpluses of agricultural products that have price floors.
B) higher prices to consumers for agricultural products that have price floors.
C) lower prices to consumers for agricultural products that have price floors.
D) governmental bureaucracy.

Question

Quizplus · Accepted Answer

Price floors in agriculture result in surpluses of agricultural products that have price floors, which can lead to governmental bureaucracy related to storing and distributing the surplus. Additionally, price floors result in higher prices to consumers for agricultural products that have them. However, price floors do not typically result in lower prices to consumers for agricultural products.

All of the Following Result from Price Floors in Agriculture