Respuesta :

syed514
It is a price floor above the equilibrium price.The price is too high so that the suppliers will produce more than the consumption.
ktrjman

Since there is an excess supply of wheat, the price is above the equilibrium price because not enough consumers are willing to buy the good at $5 a bushel. So there is a decrease in demand for this product due to its high price.

Otras preguntas