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Suppose that the government has instituted a price support program where they place a price floor at $5 per pound. . market equilibrium price is

Suppose that the government has instituted a price support program where they place a price floor at $5 per pound. . market equilibrium price is 4 and equilibrium quantity is 10 millions of liters. The president of the Dairy Farmer's Association makes the following offer to milk consumers: "If you bribe us $6 million per month forever, we'll lobby our congressmen to abandon the price support program. Assuming that the lobbying will successfully end the program, should con- sumers take the deal? Why or why not

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