Farmer Jones raises wheat. The equilibrium market price for wheat is $5.15 per bushel. However, government requires Farmer Jones to sell his wheat at $5.50 per bushel. What has the government done, and why would it do this?

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The Answer of Farmer Jones raises wheat. The equilibrium market price for wheat is $5.15 per bushel. However, government requires Farmer Jones to sell his wheat at $5.50 per bushel. What has the government done, and why would it do this?

Farmer Jones Raises Wheat