Price $22.00 $11.00 $10.00 $9.75 $5.00 Wheat 10 11 16 P' Supply Demand Quantity (in 1,000s of bushels Assuming the wheat suppliers only produce at 10,000 bushels and there are no allocation costs: What would have been the total expenditure on wheat before the price floor and after the implementation of the price floor? $110,000 before; $110,000 after. $110,000 before; $97,500 after. $110,000 before; $176,000 after.

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