The figure above shows the market for sugar beets. The government intervenes in this market and sets a support price at $35 a ton.
-The figure above shows that the government provides a subsidy to the farmers of ________ million.
A) $350
B) $1,050
C) $50
D) $100
E) $700

Question

The figure above shows the market for sugar beets. The government intervenes in this market and sets a support price at $35 a ton.
-The figure above shows that the government provides a subsidy to the farmers of ________ million.
A) $350 
B) $1,050 
C) $50 
D) $100 
E) $700

Quizplus · Accepted Answer

The government provides a subsidy of $350 million to the farmers.

The Figure Above Shows the Market for Sugar Beets