Use the Following to Answer Question(s): Supply and Demand in Agriculture

question 13

Multiple Choice

Use the following to answer question(s) : Supply and Demand in Agriculture

-(Exhibit: Supply and Demand in Agriculture) To help farmers:

• A) a price floor would be set at P₄, causing a surplus of Q₃ - Q₀.
• B) a price floor would be set at P₂, causing a surplus of Q₂ - Q₀.
• C) a price ceiling would be set at P₄, causing a surplus of Q₂ - Q₁.
• D) a price floor would be set at P₁, causing a shortage of Q₃ - Q₀.

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Definitions:

Sodium Sulfate

An inorganic salt used in detergents, paper manufacturing, and glass production, known chemically as Na2SO4.

Atoms

Atoms are the basic units of matter and the defining structure of elements, consisting of a nucleus surrounded by electrons, and classified by the number of protons they contain.

Washing Detergent

A chemical substance used to break up and remove dirt and grease from fabrics, commonly in the form of powder or liquid.

Calcium Nitrate

An inorganic compound used as a nitrogen fertilizer in agriculture and also in waste water pre-conditioning for odor emission prevention.