(Figure: Supply and Demand in the Market for Fresh Produce) Use Figure: Supply and Demand in the Market for Fresh Produce. If a price floor is set at P4 to help improve farm incomes, and the government wants to assure farmers that their output will be purchased, the government must purchase an amount of output equal to:
A)Q3 − Q0.
B)Q3 − Q1.
C)Q2 − Q1.
D)Q1 − Q3.

Question

(Figure: Supply and Demand in the Market for Fresh Produce) Use Figure: Supply and Demand in the Market for Fresh Produce. If a price floor is set at P4 to help improve farm incomes, and the government wants to assure farmers that their output will be purchased, the government must purchase an amount of output equal to: 
A)Q3 − Q0. 
B)Q3 − Q1. 
C)Q2 − Q1. 
D)Q1 − Q3.

Quizplus · Accepted Answer

The Answer of (Figure: Supply and Demand in the Market for Fresh Produce) Use Figure: Supply and Demand in the Market for Fresh Produce. If a price floor is set at P4 to help improve farm incomes, and the government wants to assure farmers that their output will be purchased, the government must purchase an amount of output equal to: 
A)Q3 − Q0. 
B)Q3 − Q1. 
C)Q2 − Q1. 
D)Q1 − Q3.