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Exhibit 4-8 Price of Wheat 2 : 3 -... D Quantity Refer to Exhibit 4-8. Suppose that wheat producers lobby the government for a price

Exhibit 4-8 Price of Wheat 2 : 3 -... D Quantity Refer to Exhibit 4-8. Suppose that wheat producers lobby the government for a price floor and receive one. This price floor is set at Pf. What is the size of the producers' surplus at Pf? area 2 + 3 + 4 + 5 area 2 + 3 area 4 area 6

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