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If the Government Were to Intervene and Set the Price

Question 100

Multiple Choice

If the government were to intervene and set the price of a dozen eggs above the market price,then we would expect,relative to the market outcome,


A) an increase in the number of eggs people want to buy and an increase in the number of eggs farmers want to sell.
B) an increase in the number of eggs people want to buy and a decrease in the number of eggs farmers want to sell.
C) a decrease in the number of eggs people want to buy and an increase in the number of eggs farmers want to sell.
D) a decrease in the number of eggs people want to buy and a decrease in the number of eggs farmers want to sell.

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