Exhibit 39-1 -Refer to Exhibit 39-1.Given the target price of P_T,farmers will receive a total income equal to A)0P_TBQ₂. B)0P₁CQ₂. C)0P_TAQ₃. D)0P₂EQ₁.

Question

Quizplus · Accepted Answer

The target price is P_T, and the quantity demanded at that price is Q₂. Therefore, the total income received by farmers is P_T * Q₂, which is represented by the area 0P_TBQ₂.

Exhibit 39-1 -Refer to Exhibit 39-1.Given the Target Price of PT,farmers Will

Exhibit 39-1 -Refer to Exhibit 39-1.Given the Target Price of P_T,farmers Will