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Refer to the Graph of the Market for Wheat

Question 28

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 Q ₁ ABQ ₂ represents the A) parity ratio. B) taxpayers' burden. C) efficiency gain. D) efficiency loss. 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 Q ₁ ABQ ₂ represents the


A) parity ratio.
B) taxpayers' burden.
C) efficiency gain.
D) efficiency loss.

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