An Effective Price Floor On Wheat Will. The intersection of demand D and supply S would be at the equilibrium point E 0. The government has imposed a minimum price of 210 per metric ton of wheat.
Result in a surplus of wheat. Early in the 20th century the advent of the tractor revolutionized the production of wheat. Unit conversion for Wheat Price Today.
Price floors are most effective when they are set above the equilibrium point whereby supply and demand meets.
It is because a price floor is said to be effective. C result in a surplus of wheat. The intersection of demand D and supply S would be at the equilibrium point E 0. Price and quantity controls.
