Attempts: 4. Effects of agricultural price supports The following graph input tool shows the market for fruit in the United States. The market equilibrium price this year is $25.00 per bushel. Average: 13 Use the graph input tool to help you answer the questions that follow. You will not be graded on any adjustments made to the graph input tool. Graph Input Tool Market for fruit 50 45 40 35 30 25 20 15 10 Price (Dollars per bushel) 25 nti 5 Qantity Supplied 50 ousands of (Thousands of Shortage 0 Surplus s of ousands of els) 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of bushels) 15 10 0 10 20 30 40 50 60 70 80 90100 QUANTITY (Thousands of bushels) If the U.S. government implements a price support of $35.00 per bushel, the result is of bushels The price support of $35.00 per bushel will farm revenue from initially to s In order to make the price support effective, the government has to purchase the surplus output resulting from the above-equillbrium price Taxpayers, in turn, have to pay higher taxes to finance this policy From the graph, the amount of tax burden to taxpayers imposed by a $35.00 per bushel price support on fruit is s Grade It Now Save & Continue