Use the Following Figure to Answer the Following Questions

question 77

Multiple Choice

Use the following figure to answer the following questions.

-If the government imposes a price floor on wheat at $5,predict the amount of disequilibrium.

• A) There will be a surplus of 3,000,000.
• B) There will be a shortage of 3,000,000.
• C) There will be neither a shortage nor a surplus.
• D) There will be a surplus of 2,000,000.
• E) There will be a shortage of 2,000,000.

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Definitions:

Critical Period

A specific time in an organism's development during which the organism is particularly responsive to certain environmental stimuli or experiences.

Enforce

To compel observance of or compliance with a law, rule, or obligation.

Privileges

Special rights or advantages granted to individuals or groups, often based on status, position, or need.

Corporal Punishment

The use of physical force causing pain, but not injury, with the intention to discipline or correct behavior.