-Refer to Exhibit 4-8.Suppose that wheat producers lobby the government for a price floor and receive one.This price floor is set at P_F.What has happened to the producers' surplus as a result of the imposition of the price floor? A) Producers' surplus has risen by (area 2 + 3) B) Producers' surplus has fallen by (area 4 + 5) C) Producers' surplus has changed by (area 3 - area 5) D) Producers' surplus has changed by (area 2 - area 5)

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The Answer of -Refer to Exhibit 4-8.Suppose that wheat producers lobby the government for a price floor and receive one.This price floor is set at P_F.What has happened to the producers' surplus as a result of the imposition of the price floor? A) Producers' surplus has risen by (area 2 + 3) B) Producers' surplus has fallen by (area 4 + 5) C) Producers' surplus has changed by (area 3 - area 5) D) Producers' surplus has changed by (area 2 - area 5)