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Use the Following Table to Answer the Following Questions

Question 28

Multiple Choice

Use the following table to answer the following questions.
Market for Corn
Use the following table to answer the following questions. Market for Corn -What will be the amount of government expenditure required if a price floor for corn is set at $4.50 and the government agrees to purchase the amount of disequilibrium? A) $202,500 B) $45,000 C) no government payment required D) $10,000 E) $900,000
-What will be the amount of government expenditure required if a price floor for corn is set at $4.50 and the government agrees to purchase the amount of disequilibrium?


A) $202,500
B) $45,000
C) no government payment required
D) $10,000
E) $900,000

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