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.  How many fewer units of wheat will be sold at the price floor than at the equilibrium price?

A) Q₂ - Q₁
B) Q₃ - Q₂
C) Q₃ - Q₁
D) Q₂