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Use the Following to Answer Questions

Question 101

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Use the following to answer questions:
Figure: Supply and Demand in Agriculture Use the following to answer questions: Figure: Supply and Demand in Agriculture -(Figure: Supply and Demand in Agriculture) Look at the figure Supply and Demand in Agriculture. The government could help increase farmers' income by setting a price _____ at _____, causing a _____ of _____. A) floor; P<sub>4</sub>; surplus; Q<sub>3</sub> - Q<sub>0</sub> B) floor; P<sub>2</sub>; surplus; Q<sub>2</sub> - Q<sub>0</sub> C) ceiling; P<sub>4</sub>; surplus; Q<sub>2</sub> - Q<sub>1</sub> D) floor; P<sub>1</sub>; shortage; Q<sub>3</sub> - Q<sub>0</sub>
-(Figure: Supply and Demand in Agriculture) Look at the figure Supply and Demand in Agriculture. The government could help increase farmers' income by setting a price _____ at _____, causing a _____ of _____.


A) floor; P4; surplus; Q3 - Q0
B) floor; P2; surplus; Q2 - Q0
C) ceiling; P4; surplus; Q2 - Q1
D) floor; P1; shortage; Q3 - Q0

Correct Answer:

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