TABLE 4-4 -Refer to Table 4-4. If the Government Were to Remove

Multiple Choice

TABLE 4-4

-Refer to Table 4-4. If the government were to remove a $1.20 price floor in the milk market, what would be the result?

A) a decrease in price and an increase in the quantity of milk supplied
B) an increase in both price and the quantity of milk demanded
C) a decrease in price and an increase in the quantity of milk demanded
D) an increase in both price and the quantity of milk supplied