The American poineer families set out to explore the west in the 1940s please thank me and send friend request
Answer:
The binding price floor will cause a surplus of wheat that farmers will be unable to sell.
Explanation:
The price floor is the lowest price that can be paid for goods, by binding price floor the senator requires by law a price for the goods above the equilibrium. The critics would say that since the wheat is binded price floor and cannot drop below the price stated by the senator, when the government inflate the price for the market the consumers will deny to pay the price stated and by that the consumption of wheat would fall creating a surplus of wheat, since the goods won’t be sold.
This affect the United States or Mexico through options B and D: US exporters would see an increase in demand in Mexico for their goods and consumers in the United States would be able to purchase more goods from Mexico for their money.
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How would this affect the United States or Mexico?</h3>
Value of the Mexican peso depreciates relative to the US dollar. This will make Mexican goods cheaper to the US residents because now they've to pay less USD to buy 1 unit of Mexican peso.
However, Mexicans will find US goods costlier than before because now they have to pay more pesos to buy 1 USD.
Therefore, demand for Mexican export will increase and the demand for US export will decrease.
Hence, correct answer is option B and D
Learn more about Mexico, refer to the link:
brainly.com/question/13802568
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