Exhibit 4-8 Refer to Exhibit 4-8.  Suppose That Wheat Producers  Lobby the Government for the Government

Multiple Choice

Exhibit 4-8
Refer to Exhibit 4-8.  Suppose that wheat producers  lobby the government for a price floor and receive one.  This price floor is set at P_F.  What is the size of the total surplus at P_F?

A) area 1 + 2 + 3
B) area 1 + 2 + 3 + 4
C) area 1 + 2 + 3 + 4 + 5
D) area 1 + 2 + 3 + 4 + 5 + 6