alleryStart learning →Home › Bihar Board Class 12 (Arts) › Economics › Simple Applications of Tools of Demand and Supply › What did EU price floors in agriculture famously…
What did EU price floors in agriculture famously leave in warehouses?
AGrain deserts
BButter mountains
CCoffee lakes
DWool towers
Answer & Solution
Correct answer: B. Butter mountains
Buying up excess dairy output to defend the price produced large stocks nicknamed butter mountains.
Related questions
What do eviction controls in rent regulation set standards for?Isabella Weber argues price caps can help combat which problem?Why can a price ceiling sometimes raise prices?How is aggregate consumers' surplus obtained?Who showed consumer surplus can measure social welfare for a single price change?Which good generally gives a high consumer surplus?With linear curves, consumer surplus has which shape?Producer surplus lies below the equilibrium price and above which curve?