Question: Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market as shown in the following

Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market as shown in the following table. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the effects. Demonstrate your answer graphically. Next suppose that the government establishes a price floor of $4.60 for wheat. what will be the main effect of this price floor? Demonstrate your answer graphically

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