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The Figure Given Below Represents the Domestic Market for Wheat

Question 20

Multiple Choice

The figure given below represents the domestic market for wheat in a small country. Imports of wheat are prohibited. The figure given below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.   Following the imposition of a $20 per bushel export subsidy to the country's wheat exports, the country consumed _____ bushels of wheat, and exported _____ bushels of wheat. A) 40; 110 B) 60; 90 C) 60; 60 D) 40; 80 Following the imposition of a $20 per bushel export subsidy to the country's wheat exports, the country consumed _____ bushels of wheat, and exported _____ bushels of wheat.


A) 40; 110
B) 60; 90
C) 60; 60
D) 40; 80

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