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Refer to Figure 29

Question 72

Multiple Choice

Refer to Figure 29.3 for a cotton market with an equilibrium price of P<sub>1</sub> and a Commodity Credit Corporation (CCC) loan rate set above P<sub>1</sub>. If the CCC loan rate is increased, the A) Surplus in the market will become larger. B) Surplus in the market will become smaller. C) Shortage in the market will become larger. D) Shortage in the market will become smaller. Refer to Figure 29.3 for a cotton market with an equilibrium price of P1 and a Commodity Credit Corporation (CCC) loan rate set above P1. If the CCC loan rate is increased, the


A) Surplus in the market will become larger.
B) Surplus in the market will become smaller.
C) Shortage in the market will become larger.
D) Shortage in the market will become smaller.

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