Question: (5). Use Figure Five below to answer the following questions regarding an increase in the support price of com from $7 50/bushel to $9.50/bushel. (1

(5). Use Figure Five below to answer the following questions regarding an increase in the support price of com from $7 50/bushel to $9.50/bushel. (1 pts, each) When the support price was $7.50 per bushel: a. what was the price received by corn farmers? b. how many bushels are exchanged? C. how big is the surplus? After the support price was raised to $9.50 per bushel: d. what was the price received by corn farmers? e. how many bushels are exchanged? f. how big is the surplus? $9.50 FIGURE FIVE $8.00 $7.50 D 100 150 200 300

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