Which of the following summarizes the economics of price supports?
a. Fixed pricing above equilibrium prices on farm products aids in achieving parity between prices received and paid by farmers for farm products.
b. Variable pricing above equilibrium prices on farm products aids in achieving parity between prices received and paid by farmers for farm products.
c. Fixed pricing at equilibrium prices on farm products aids in achieving parity between prices received and paid by farmers for farm products.
d. Fixed pricing below equilibrium prices on farm products aids in achieving parity between prices received and paid by farmers for farm products.