Exhibit 4-11 Data on Supply and Demand
​ -Which of the Following Would Occur If the Government Imposed

question 175

Multiple Choice

Exhibit 4-11 Data on supply and demand
​ $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Bushels demanded } \\\text { per month }\end{array} & \begin{array} { c } \text { Price per } \\\text { bushel }\end{array} & \begin{array} { c } \text { Bushels supplied } \\\text { per month }\end{array} \\\hline 45 & \$ 5 & 77 \\50 & 4 & 73 \\56 & 3 & 68 \\61 & 2 & 61 \\67 & 1 & 57 \\\hline\end{array}$$
-Which of the following would occur if the government imposed a price floor (support price) of $4 per bushel in the wheat market shown in Exhibit 4-11?

• A) Buyers would want to purchase more wheat than is supplied.
• B) Buyers would not purchase all of the wheat grown.
• C) Shortage of wheat would increase the price of wheat.
• D) Farmers would grow less wheat.

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Definitions:

Ascites

Build-up of liquid within the peritoneal space, frequently resulting from liver dysfunction or cardiac failure.

Cirrhosis

A chronic liver disease characterized by replacement of liver tissue with fibrosis, leading to loss of liver function.

Splenomegaly

An enlargement of the spleen, often associated with various diseases affecting blood or immune system.

Jejunum

The middle section of the small intestine in humans and most higher vertebrates, between the duodenum and the ileum.