Multiple Choice
Suppose a price floor is set on cane sugar that is approximately three times the equilibrium price. One of the effects is a(n)
A) drop in the quantity of sugar consumed.
B) increase in the efficiency of the market.
C) shortage of sugar.
D) shift by food manufacturers from the use of corn syrup to cane sugar.
Correct Answer:
Verified
Correct Answer:
Verified
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