Suppose the federal government provides wheat farmers with a price floor above the market equilibrium price of wheat, creating a surplus. Which of the following causes a reduction in the surplus of wheat?
a. A decrease in the market equilibrium price of wheat
b. A decrease in the demand for wheat
c. An increase in the supply of wheat
d. Elimination of the price floor
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Home » Business » Suppose the federal government provides wheat farmers with a price floor above the market equilibrium price of wheat, creating a surplus. Which of the following causes a reduction in the surplus of wheat? a.