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Question 3

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Use the following to answer questions .
Exhibit: Supply and Demand in Agriculture Use the following to answer questions . Exhibit: Supply and Demand in Agriculture   -(Exhibit: Supply and Demand in Agriculture)  To help farmers: A)  a price floor would be set at P<sub>4</sub>, causing a surplus of Q<sub>3 </sub>- Q<sub>0</sub>. B)  a price floor would be set at P<sub>2</sub>, causing a surplus of Q<sub>2 </sub>- Q<sub>0</sub>. C)  a price ceiling would be set at P<sub>4</sub>, causing a surplus of Q<sub>2 </sub>- Q<sub>1</sub>. D)  a price floor would be set at P<sub>1</sub>, causing a shortage of Q<sub>3 </sub>- Q<sub>0</sub>.
-(Exhibit: Supply and Demand in Agriculture) To help farmers:


A) a price floor would be set at P4, causing a surplus of Q3 - Q0.
B) a price floor would be set at P2, causing a surplus of Q2 - Q0.
C) a price ceiling would be set at P4, causing a surplus of Q2 - Q1.
D) a price floor would be set at P1, causing a shortage of Q3 - Q0.

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