Business, 06.05.2020 07:32 kittycatwaffels
Suppose the federal government provides wheat farmers with a price floor above the market equilibrium price of wheat, creating a surplus. Which of the following causes a reduction in the surplus of wheat?
a. A decrease in the market equilibrium price of wheat
b. A decrease in the demand for wheat
c. An increase in the supply of wheat
d. Elimination of the price floor
Answers: 2
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Suppose the federal government provides wheat farmers with a price floor above the market equilibriu...
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