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The Data Shows the Demand and Supply for Wheat

Question 121

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The data shows the demand and supply for wheat:
quantity of bushels per year (in million)
The data shows the demand and supply for wheat: quantity of bushels per year (in million) -Refer to the information above to answer this question.What would be the farmers' revenue from the sale of the wheat in the market if the price floor is $16 per bushel of wheat? A) The farmers' revenue would be $160 million. B) The farmers' revenue would be $240 million. C) The farmers' revenue would be $400 million. D) The farmers' revenue would be $16 million. E) The farmers' revenue would be $10 million.
-Refer to the information above to answer this question.What would be the farmers' revenue from the sale of the wheat in the market if the price floor is $16 per bushel of wheat?


A) The farmers' revenue would be $160 million.
B) The farmers' revenue would be $240 million.
C) The farmers' revenue would be $400 million.
D) The farmers' revenue would be $16 million.
E) The farmers' revenue would be $10 million.

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