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100 Supply 80 50 20 Demand 10 25 40 50 Quantity Use the graph above to answer the following questions. The following points are on
100 Supply 80 50 20 Demand 10 25 40 50 Quantity Use the graph above to answer the following questions. The following points are on the demand curve: (10,80), (25,50), (40,20). The following points are on the supply curve: (10,20), (25,50), (40,80). Do not use dollar signs. Round to two decimal places. a) What price will consumers pay if the government promises to pay producers $80 per bushel and encourage producers to sell all of their production? Cl b) What price will producers get if the government promises to pay producers $80 per bushel and encourage producers to sell all of their production? Cl c) The government has promised to make up the difference between the price they promise producers and the price that consumers pay for the product. Calculate the deficiency payment in this case for all units produced. :l
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