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-The Above Figure Shows the Domestic Market for Wheat

Question 91

Multiple Choice

-The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a tonne. As a result of this price support, the total subsidy paid to wheat farmers equals A) $3.5 billion. B) $4.5 billion. C) $3 billion. D) $4 billion. E) $1.5 billion.
-The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a tonne. As a result of this price support, the total subsidy paid to wheat farmers equals


A) $3.5 billion.
B) $4.5 billion.
C) $3 billion.
D) $4 billion.
E) $1.5 billion.

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