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( Exhibit: Supply and Demand in Agriculture ) If the government set an effective price floor at one of the prices shown on the vertical
Exhibit: Supply and Demand in Agriculture If the government set an effective price floor at one of the prices shown on the vertical axis:
Question options:
A with this much wheat on the market, the price would fall to
B bushels of wheat would be supplied.
C the resulting shortage would be made up by the government out of its accumulated stocks.
D all of the above would be true.
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