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Exhibit 4-11 Data on Supply and Demand
​ -Which of the Following Would Occur If the Government Imposed

Question 140

Multiple Choice

Exhibit 4-11 Data on supply and demand
 Bushels demanded  per month  Price per  bushel  Bushels supplied  per month 45$57750473563686126167157\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Bushels demanded } \\\text { per month }\end{array} & \begin{array} { c } \text { Price per } \\\text { bushel }\end{array} & \begin{array} { c } \text { Bushels supplied } \\\text { per month }\end{array} \\\hline 45 & \$ 5 & 77 \\50 & 4 & 73 \\56 & 3 & 68 \\61 & 2 & 61 \\67 & 1 & 57 \\\hline\end{array}
-Which of the following would occur if the government imposed a price floor (support price) of $4 per bushel in the wheat market shown in Exhibit 4-11?


A) Buyers would want to purchase more wheat than is supplied.
B) Buyers would not purchase all of the wheat grown.
C) Shortage of wheat would increase the price of wheat.
D) Farmers would grow less wheat.

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