Will apple producers benefit from the price floor? A. Apple producers who are able to sell their apples at the $12 price per crate will benefit. B. Apple producers who are not able to sell their apples will not benefit. C. Total revenue for apple producers as a group will decrease from $162 million to $144 million.

Question

Social Studies

Grace Krueger

16 March, 08:37

Will apple producers benefit from the price floor? A. Apple producers who are able to sell their apples at the $12 price per crate will benefit. B. Apple producers who are not able to sell their apples will not benefit. C. Total revenue for apple producers as a group will decrease from $162 million to $144 million.

+4

Answers (1)

Know the Answer?

Hanna Reed · Answer 1

All of the above are correct sentences.

Explanation:

After the government has imposed a price floor of $10 per crate, the apple producers will be set in many different scenarios where all of the sentences presented are correct, according to the sells estimated result after the change of price in the product, this will represent a lost for the producers as a whole.