Figure 3.1 The Market for Wheat

-Refer to Figure 3.1. At the government-established support price of $7, wheat farmers will receive revenues from consumers totaling
A) $28 million
B) $32 million
C) $56 million
D) $84 million

Question

Figure 3.1 The Market for Wheat
 
-Refer to Figure 3.1. At the government-established support price of $7, wheat farmers will receive revenues from consumers totaling
A) $28 million 
B) $32 million 
C) $56 million 
D) $84 million

Quizplus · Accepted Answer

At the government-established support price of $7, wheat farmers will receive revenues from consumers totaling $28 million.

Figure 3.1 the Market for Wheat