Figure 4-7 shows the demand and supply curves for the almond market

| October 14, 2019

The government believes that the equilibrium price is too low and tries to help almond growers by setting a price floor at Pf. Refer to Figure 4-7. What is the area that represents producer surplus after the imposition of the price floor? (Points : 1) A + B + E B + E B + E + F B + C + D + E 18. Suppose the demand curve for a product is downward sloping and the supply curve is upward sloping. If a unit tax is imposed in the market for this product, (Points : 1) sellers bear the entire burden of the tax. the tax burden will be shared among the government, buyers and sellers. buyers bear the entire burden of the tax. the tax burden will be shared by buyers and sellers.

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