Multiple Choice
Exhibit 16.3
-Refer to Exhibit 16.3,which shows the market for wool.Suppose the government introduces a variety of policies that set floor prices for wool at $6.As a result of the price support,_____ of surplus wool is generated.
A) 100 million pounds
B) 60 million pounds
C) 150 million pounds
D) 90 million pounds
E) 10 million pounds
Correct Answer:
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