The department of agriculture in Batavia reports that the number of dairy farms throughout the country is now 25 percent greater than is was 10 years ago. During this same time period, however, the price of mikl at the local Excello Food Market has increased from $1.50 to over $3.00 per gallon. To prevent farmers from contimuing to receive excessive profits on an apparently increased supply of milk, the Batavia government should befin to regulate retail milk prices. Such regulation is necessary to ensure both prices and an adaequate supply of milk for concumers.[b][b]The notion that government regulation should be implemented seems at first glance to be an obvious conclusion given that the price is outrageously outstripping the amount of milk supply and therefore farmers are obtaining excess profits. However, the recommandation is markedly sabotaged by several dubious assumptions and devoiding of irrefutable evidences, hence as a whole the argument is unconvincing.[b][b]In the first place, the arguer oversimply equates the number of dairy farms with supply of milk which is highly pricarious. It is possible that the increasing dairy farms are producing decreasing milk, turning to other maybe more profitable dairy products, in this case, however, the supply of milk is instead reducing, and thus maybe pushing the price soaring.[b][b]In the second place, attempting to visualize the slant that the price is exorbitant, the arguer cites the statistics from the local food market, the Excello, nevertheless the possibility exists in that milk price in Excello which serves as an exceptional case, is incapable to represent that of Batavia. Given that the price in Excello is typical, without any frame of reference, it is still presumptuous for the arguer to judgementally claims that it is excessive. It may be the skyrocketing price or the mild annual inflation accumulated over the past decade causing the expanding of milk price, in this event, it will be groundless to allege the framers are receiving excess profits.[b][b]Also, the arguer fails to take milk demand of Batavia into consideration which may acts as an indispensable factor determining the equilibrium price together with the supply. Relatively outstriding demand may result in mounting of milk price boosting the supply, yet it is likely that the price is not tempting enough to allure sufficient supply, that is to say the price should keep increasing to secure adaquate supply in the market, on this assumption, placing regulation on the retail price will serve nothing but deteriorating the situation.[b][b]Finally, given all the conditions the arguer assume, whether regulation is a necessary and effective measure to sustain the health of the market is extraordinarily dubitable, as basic economics tells us the invisible hand is usually, if not invariably, doing a quite better job than government can do. Regulation on one hand may ensure the price low, while on the other hand may dampen the enthusiasm of dairy farmers to maintain the supply of milk and thus fail to secure the in-short supply. Therefore it is inconderate to suggest government regulation.[b][b]In summary, unless furishing more reference, introducing more relevant factors and testifing the necessity and the feasibility of price regulation, the recommendation is less convincing and persuasive as it stands.