QUESTION 9 10 points Save Answer Answer the question given the demand and supply schedules. Quantity demanded Quantity supplied Price (bushels of wheat) Pric (bushels of wheat) $4.20 125, 000 $4.20 230,000 4.00 150,000 4.00 220,000 3.80 175, 000 3.80 210,000 3.60 200, 000 3.60 200,000 3.40 225,00 3.40 190,000 3.20 250, 00 3.20 180,000 3.00 275,000 3.00 170,000 If the federal government decided to support the price of wheat at $4.00 per bushel (price floor), would there be a surplus or shortage? How much it would be? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt Ev EVAVEI x2 X2 ... ? P O WORDS POWERED BY TINY QUESTION 10 10 points Save Answer Why does the demand for some products rise when income falls? What is special about these products? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Aria 10pt E v EEXX 2