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Asked by CountJellyfishPerson4305
The table below shows the supply and demand schedules for some...
The table below shows the supply and demand schedules for some agricultural product somewhere
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P QD QS 45 317 267 50 313 273 55 309 279 60 305 285 65 301 291 70 297 297 75 293 303 80 289 309 85 285 315 A. The current unregulated equilibrium price and quantity traded is $ 70 per unit ard 297 units traded. Total revenue receive by farmers is $ B. The government has decided to enact an offer-to-purchase (price support) of $80 per unit. This price support
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B. The government has decided to enact an offer-to-purchase (price support) of $80 per unit. This price support will be effective because the support price is above the unregulated equilibrium will not be effective because it will create surplus will not be effective because farmers will not change their behaviour
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B. The government has decided to enact an offer-to-purchase (price support) of $80 per unit. This price support C. This program would cost taxpayers $ D. This program will farmers because their total revenue will TO S Please answer all pa not benefit benefit
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Answered by maxmellinger125
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