Suppose the total demand for wheat and the total supply of wheat per month in the kansas grain market are as shown in the table below. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Next, suppose that the government establishes a price floor of $4.60 for wheat. What will be the main effects of this price floor?

Thousands of Bushels Demanded	Price	Thousands of Bushels Supplied
85	$3.40	71
80	$3.70	73
75	$4.00	75
70	$4.30	77
65	$4.60	79
60	$4.90	81