Use the following figure to answer the questions that follow.

-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 million
B) $3 million
C) $10 million
D) $25 million
E) nothing, because there would be no surplus

Question

Use the following figure to answer the questions that follow.
 
-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 million 
B) $3 million 
C) $10 million 
D) $25 million 
E) nothing, because there would be no surplus

Quizplus · Accepted Answer

The Answer of Use the following figure to answer the questions that follow.
 
-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 million 
B) $3 million 
C) $10 million 
D) $25 million 
E) nothing, because there would be no surplus

Use the Following Figure to Answer the Questions That Follow