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Use the Following Figure to Answer the Following Questions

Question 77

Multiple Choice

Use the following figure to answer the following questions.
Use the following figure to answer the following questions. -If the government imposes a price floor on wheat at $5,predict the amount of disequilibrium. A) There will be a surplus of 3,000,000. B) There will be a shortage of 3,000,000. C) There will be neither a shortage nor a surplus. D) There will be a surplus of 2,000,000. E) There will be a shortage of 2,000,000.
-If the government imposes a price floor on wheat at $5,predict the amount of disequilibrium.


A) There will be a surplus of 3,000,000.
B) There will be a shortage of 3,000,000.
C) There will be neither a shortage nor a surplus.
D) There will be a surplus of 2,000,000.
E) There will be a shortage of 2,000,000.

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