-The above figure shows the domestic market for wheat.Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a ton.The quantity produced once the price support is in place is

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When the government sets a support price above the equilibrium price, producers are encouraged to increase production to take advantage of the higher price. The quantity produced will align with the quantity supplied at the support price, not the equilibrium quantity. In this scenario, without the specific figure provided, the general principle is that the quantity produced will increase to the point on the supply curve that corresponds to the support price of $15 a ton, which is indicated as 400 million tons.

-The Above Figure Shows the Domestic Market for Wheat