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Refer to the Graph of the Market for Wheat

Question 232

Multiple Choice

Refer to the graph of the market for wheat. The government adopts a price support program for wheat and supports the wheat price at P ₂. The area of Q ₁ ABQ ₂ would measure the A) total amount received by farmers from selling wheat. B) total profits of wheat farmers. C) amount government will pay to wheat farmers. D) amount buyers of wheat will pay to wheat farmers. Refer to the graph of the market for wheat. The government adopts a price support program for wheat and supports the wheat price at P ₂. The area of Q ₁ ABQ ₂ would measure the


A) total amount received by farmers from selling wheat.
B) total profits of wheat farmers.
C) amount government will pay to wheat farmers.
D) amount buyers of wheat will pay to wheat farmers.

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