2025, Set 1, Question 2 · Short · 5 points · about 12 minutes
Rice market, price floor, and world trade
From a graph of a rice market, calculate total surplus and decide if a low price floor causes a surplus or shortage. Then open the country to trade at a world price, decide whether it exports or imports, and calculate consumer surplus and farm revenue.
1 Read the question
The question is College Board's, from the 2025, Set 1 exam. It starts on page 4 of the PDF.
2 Write your answer
Answer each part the way you would on the exam, in full sentences, with your work shown. Your writing saves as you type.
3 Score it
Score your answer against College Board's scoring guidelines, one point at a time. Give yourself a point only when your answer says what the guideline asks for.
Scoring guidelines (PDF, page 6) What the exam readers saw (Chief Reader report)
Question, scoring guidelines and Chief Reader report: College Board. The title, summary are ours.