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-Refer to Exhibit 4-8

Question 60

Multiple Choice

-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<sub>F</sub>.How many fewer units of wheat will be sold at the price floor than at the equilibrium price? A) Q<sub>2</sub> - Q<sub>1</sub> B) Q<sub>3</sub> - Q<sub>2</sub> C) Q<sub>3</sub> - Q<sub>1</sub> D) Q<sub>2</sub>
-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 PF.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

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