If the government establishes a support price for sugar $12 per cwt. (Hundered pounds) and is willing to buy up any surplus sugar at that price, indicate on your graph the quantity supplied, quantity demanded, and quantity purchased by the government. If the units are million cwt, how much money is required for the government purchases? Show this amount on your graph.  Demand for sugar is: Q = 20 - P Supply for sugar is: Q = 2 + P I have calculated that the equilibrium is P = 9 and Q = 11  quantities are in million hundred weight (cwt) and price is dollars per cwt.

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