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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 16: Public Goods and Public Choice
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    Exhibit 16-2 Refer to Exhibit 16-2
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Exhibit 16-2 Refer to Exhibit 16-2

Question 86

Question 86

Multiple Choice

Exhibit 16-2 Exhibit 16-2   Refer to Exhibit 16-2.If the government commits to buying the surplus wool created by the $6 price support, how much will they have to spend? A) $540 million B) $360 million C) $600 million D) $900 million E) $300 million Refer to Exhibit 16-2.If the government commits to buying the surplus wool created by the $6 price support, how much will they have to spend?


A) $540 million
B) $360 million
C) $600 million
D) $900 million
E) $300 million

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