Question

In 1994, if the price of wheat had risen above the price floor set by the U.S. government, then _____.

the government would have assisted the farmer with emergency aid
the government would have required that the grocers sell the crops at the higher price
the government would have created demand by purchasing excess crops
the government would have done nothing


8. Rationing is a common form of distribution in a _____.
market based on competition
price-based system
centrally-planned economy
free market economy

9. What is equilibrium?
when quantity supp