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-Refer to Exhibit 4-8

Question 97

Multiple Choice

-Refer to Exhibit 4-8.Suppose that wheat producers lobby the government for a price floor and receive one.This price floor is set at P<sub>F</sub>.What is the size of the producers' surplus at P<sub>F</sub>? A) area 2 + 3 + 4 + 5 B) area 2 + 3 C) area 4 D) area 6
-Refer to Exhibit 4-8.Suppose that wheat producers lobby the government for a price floor and receive one.This price floor is set at PF.What is the size of the producers' surplus at PF?


A) area 2 + 3 + 4 + 5
B) area 2 + 3
C) area 4
D) area 6

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