Multiple Choice
The major reason why the Iowa Dairy Farmers strike (and other similar protests) against Sioux City Milk dealers failed was that
A) the market demand for milk is highly price elastic so that consumers substitute other beverages when its price rises.
B) the strike raised costs of production because milk was destroyed, forcing dairy farmers into bankruptcy.
C) there were so many dairy farmers that milk dealers could find enough milk elsewhere to offset their losses from the striking farmers.
D) the U.S. government stepped in and forced the dairy farmers to go back to work.
E) Congress passed the Benson Brannan law, which raised farm prices and eliminated the need for the dairy farmers' protest.
Correct Answer:

Verified
Correct Answer:
Verified
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