Not Secure - agecon2.tamu.edu In Working These Problems, Assume That You Are A P... | Chegg.com Homework Help - Q&A from Online Tutors - Course Hero price Before Rice Quantities and Prices elasticities Programs Supply (million cwt) 0.75 189.886 Demand (million cwt) -0.4 189.886 Farm Price ($/cwt) 10.00 Consumer price ($/cwt) 10.00 Target Price ($/cwt) None Support Price ($/cwt) None Government Cost (mil $) None NOTE: -- = Not applicable. The Secretary of Agriculture (Mr. Sonny Perdue) is considering recommending a surplus purchase program for rice to the President with a support price of $14.00/cwt. Before he submits his recommendation, he asks you to determine how much rice the government will have to purchase to support the price of rice at that level and what the cost to the government will be. Fill in the blanks below with your answers to the Secretary. Surplus to purchase = Cost to the government = 2 LOY " MAR 42 155 2 EGGS WE MILK 2 1