In an effort to get more americans to drink milk, the government sets a price ceiling on milk that is substantially below the equilibrium price. which of the following will occur? a. production of milk will increase. b. there will be a shortage of milk. c. the demand for milk will shift to the right. d. consumption of milk will increase.

B. There will be a shortage of milk.

Explanation:

Because of the set price ceiling by the government, suppliers will be discouraged from producing milk since the price ceiling is far below the equilibrium price. As a result, there will be decreased supply of milk since it will not be as profitable to produce. This will lead to a shortage of milk. Option B is the correct answer based on the above.

answer; i believe the correct answer is (75 years);

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