The price of wheatwould be â$nothingper bushelif there was no price support. In order to maintain the priceâ support, the govern
ment will have to purchase nothingbushelsof wheat.
1 answer:
Answer:
$5, 200 bushels of wheat
Explanation:
From the diagram the price support was at $6 per bushel, however if the government removes the price support or if there was no price support, then the price of the wheat will be $5 for a bushel. And in order to maintain the price support, from the diagram below, it is expected that the government would have to purchase 200 bushels of wheat.
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