Use the Following to Answer Questions

question 41

Multiple Choice

Use the following to answer questions .
Exhibit: Supply and Demand in Agriculture
-(Exhibit: Supply and Demand in Agriculture) If a price floor at P₄ is set to help farmers in terms of income and government wants to assure farmers that their output will be purchased, the government would have to purchase an amount of output equal to:

• A) Q₃ - Q₀.
• B) Q₃ - Q₁.
• C) Q₂ - Q₁.
• D) none of the above are correct.

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