OTHER WORDS IN YOUR ANSWERS. NOTE: Quantities and dollar values must have THREE decimal places even if they are whole numbers. Prices must be written like this $10.00/cwt and must have TWO decimal places even if they are whole numbers. All prices and values must have dollar signs ($). Write out dollar values in millions as $1,234.567 million. Equilibrium Before price elasticities Rice Quantities and Prices Programs Supply (million cwt) 0.75 189.886 Demand (million cwt) -0.4 189.886 Farm Price ($/cwt) 10.00 Consumer price ($/cwt) 10.00 Target Price (S/cwt) None Support Price (S/cwt) None Government Cost (mil $) None NOTE: = Not applicable. 2. Congressman Drinksalot is proposing a marketing loan program instead of a government surplus purchase program to support price at a loan rate of $14.00/cwt because he claims it will cost the government less than the surplus purchase program. Secretary Vilsak wants to know whether the Congressman is right and asks you to calculate the cost of the marketing loan program to the government. Fill in the blanks below with your answers to the Secretary. Cost of marketing loan program to the government =, a. b. How much more (use “+" sign) or less (use “-“ sign) will the Congressman's proposed program cost?