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    Exam 39: Agriculture: Problems, Policies, and Unintended Effects
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    Exhibit 39-1 -Refer to Exhibit 39-1.Given the Target Price P<sub>T</sub>,the Total Deficiency
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Exhibit 39-1 -Refer to Exhibit 39-1.Given the Target Price PT,the Total Deficiency

Question 112

Question 112

Multiple Choice

Exhibit 39-1
Exhibit 39-1    -Refer to Exhibit 39-1.Given the target price P<sub>T</sub>,the total deficiency payment made by the government is the area of A)  0P<sub>1</sub>CQ<sub>2</sub>. B)  0P<sub>T</sub>BQ<sub>2</sub>. C)  P<sub>T</sub>BCP<sub>1</sub>. D)  P<sub>T</sub>BEP<sub>2</sub>.
-Refer to Exhibit 39-1.Given the target price PT,the total deficiency payment made by the government is the area of


A) 0P1CQ2.
B) 0PTBQ2.
C) PTBCP1.
D) PTBEP2.

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