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Use the Following Figure to Answer the Following Questions

Question 115

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 and agrees to purchase any surpluses,how much will the government be forced to spend? A)  $15,000,000 B)  $3,000,000 C)  $10,000,000 D)  $25,000,000 E)  nothing because there would be no surplus
-If the government imposes a price floor on wheat at $5 and agrees to purchase any surpluses,how much will the government be forced to spend?


A) $15,000,000
B) $3,000,000
C) $10,000,000
D) $25,000,000
E) nothing because there would be no surplus

Correct Answer:

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