The Following Graph Shows the Market for Wool

question 7

Multiple Choice

The following graph shows the market for wool. Suppose the government introduces a variety of policies that set floor prices for wool at $6. As a result of the price support, _____ of surplus wool is generated.​ ​
Figure 16.2
​

• A)100 million pounds
• B)60 million pounds
• C)150 million pounds
• D)90 million pounds
• E)10 million pounds

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