Question: Please give the answers to A, B, C, D, E, and F (5). Use Figure Five below to answer the following questions regarding an increase

Please give the answers to A, B, C, D, E, and F

(5). Use Figure Five below to answer the following questions regarding an increase in the support price of corn 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? C. how many bushels are exchanged? f. how big is the surplus? S $9.50 FIGURE FIVE $8.00 $7.50 D 100 150 200 300 O

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