In 2015, Russia prohibited food imports, including milk, from the European Union (EU). Which outcomes are most likely to occur because of this?
- Amilk market in Europe: excess demand; price of milk in Russia: fall; profits of EU farmers: rise
- Bmilk market in Europe: excess demand; price of milk in Russia: rise; profits of EU farmers: rise
- Cmilk market in Europe: excess supply; price of milk in Russia: fall; profits of EU farmers: fall
- Dmilk market in Europe: excess supply; price of milk in Russia: rise; profits of EU farmers: fall