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Price of Corn $6.50 Supply Consumer $6.00 Surplus $5.50 Minimum Price $5.00 $4.50 Producer $4.00 Surplus $3.50 $3.00 Demand X O 1 2 3 4

Price of Corn $6.50 Supply Consumer $6.00 Surplus $5.50 Minimum Price $5.00 $4.50 Producer $4.00 Surplus $3.50 $3.00 Demand X O 1 2 3 4 5 6 Quantity of Corn (in millions of bushels)

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