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$10 $9 $8 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,00010,000 Quantity The above

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$10 $9 $8 $7 $6 Price $5 $4 $3 $2 $1 SO 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,00010,000 Quantity The above figure shows the market for peanuts in Wonderland. Suppose that local authority imposes a price floor of $4 per pound, Under the new price regulation price of peanut equals to_ _per pound. O $6 O $4 O $5 (? O $3

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