Register
The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the government will have to purchase nothingbushelsof wheat.
59.9k views
3 votes
The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the government will have to purchase nothingbushelsof wheat.

User Jose Raul Barreras
by
3.1k points

1 Answer

1 vote

Answer:

$5, 200 bushels of wheat

Step-by-step explanation:

From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.

The price of wheatwould be â$nothingper bushelif there was no price support. In order-example-1
User Fmsthird
by
3.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.5m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
A friend wants to borrow money from you. He states that he will pay you $4,100 every 6 months for 9 years with the first payment six months from today. The interest rate is an APR of 6.4 percent with semiannual
Link Copied!