Figure 3.1 The Market for Wheat

-Refer to Figure 3.1. At the government-established support price of $7, there is a
A) shortage of 8 million bushels
B) shortage of 4 million bushels
C) surplus of 4 million bushels
D) surplus of 8 million bushels

Question

Figure 3.1 The Market for Wheat
 
-Refer to Figure 3.1. At the government-established support price of $7, there is a
A) shortage of 8 million bushels 
B) shortage of 4 million bushels 
C) surplus of 4 million bushels 
D) surplus of 8 million bushels

Quizplus · Accepted Answer

The Answer of Figure 3.1 The Market for Wheat
 
-Refer to Figure 3.1. At the government-established support price of $7, there is a
A) shortage of 8 million bushels 
B) shortage of 4 million bushels 
C) surplus of 4 million bushels 
D) surplus of 8 million bushels

Figure 3.1 the Market for Wheat