Suppose the equilibrium price of carrots is $1. The price floor instituted by the government is $1.50. Based on this information, which of the following would you expect to take place in the market? This one's a free answer! O A. Farmers would stop growing carrots and begin investing in more cow bells. O B. The price floor would have no impact on the market and carrot cake will now be the birthday cake of choice. C. Don't choose this answerl O D. Bugs Bunny would respond by saying "What's up Doc" O E. We would expect to see a surplus of carrots. A Moving to another question will save this response. Question 17 of 50

Question
Suppose the equilibrium price of carrots is $1. The price floor instituted by the government is $1.50. Based on this information, which of the following would you expect to take place in the market?
This one's a free answer!
O A. Farmers would stop growing carrots and begin investing in more cow bells.
O B. The price floor would have no impact on the market and carrot cake will now be the birthday cake of choice.
C. Don't choose this answerl
O D. Bugs Bunny would respond by saying "What's up Doc"
O E. We would expect to see a surplus of carrots.
A Moving to another question will save this response.
Question 17 of 50
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Suppose the equilibrium price of carrots is $1. The price floor instituted by the government is $1.50. Based on this information, which of the following would you expect to take place in the market? This one's a free answer! O A. Farmers would stop growing carrots and begin investing in more cow bells. O B. The price floor would have no impact on the market and carrot cake will now be the birthday cake of choice. C. Don't choose this answerl O D. Bugs Bunny would respond by saying "What's up Doc" O E. We would expect to see a surplus of carrots. A Moving to another question will save this response. Question 17 of 50