This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: government agency? Commodity Credit Corporation 3. Consider the diagram for wheat on the right. (a) With a loan rate of $3/bushel, farmers will supply __ 1200 _ bushels. (b) How many bushels of wheat will the government accumulate at the loan rate of $3/bushel? ___ 300 ___ bushels (c) What is the cost to taxpayers? $_ 900 _____ (d) What is the current national loan rate for wheat? $_ 2.94 _/bushel P 3 2 900 1000 1200 Q S D...
View Full Document
- Spring '09
- Supply And Demand, $3, loan rate, Commodity Credit Corporation