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-Refer to Exhibit 4-8

Question 35

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>.What is the quantity of wheat purchased at P<sub>F</sub>? A) Q<sub>1</sub> B) Q<sub>2</sub> C) Q<sub>3</sub> D) Q<sub>2</sub> - Q<sub>1</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.What is the quantity of wheat purchased at PF?


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

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