Economics 100B Mini-Project #1 (Due Apr 21, 8:00 am) Spring 2020 The Canadian government intervenes in agriculture markets in multiple ways under a system called “supply management” (see more details if you are interested at: https://www.cbc.ca/news/politics/canada-supply-management-explainer-1.4708341). One of the ways is to impose a price floor for milk. Discuss arguments for and against Canada’s price floor for milk. Explain why the actual loss caused by the price floor may be even larger than the deadweight loss. Please give a concise 150-200 word response. Your grade will be determined by (1) the clarity of your response, (2) the organization/grammar, and (3) the strength of arguments. To fully satisfy the third criteria, students must apply the relevant course material to the problem

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Economics 100B
Mini-Project #1 (Due Apr 21, 8:00 am)
Spring 2020
The Canadian government intervenes in agriculture markets in multiple ways under a system called “supply management” (see more details if you are interested at:
https://www.cbc.ca/news/politics/canada-supply-management-explainer-1.4708341). One
of the ways is to impose a price floor for milk. Discuss arguments for and against
Canada’s price floor for milk. Explain why the actual loss caused by the price floor
may be even larger than the deadweight loss.
Please give a concise 150-200 word response. Your grade will be determined by (1)
the clarity of your response, (2) the organization/grammar, and (3) the strength of
arguments. To fully satisfy the third criteria, students must apply the relevant course
material to the problem