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The Figure Given Below Represents the Domestic Market for Wheat

Question 18

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. The net loss in national well-being as a result of the subsidy is: A) $200 million. B) $300 million. C) $500 million. D) $2.2 billion. The net loss in national well-being as a result of the subsidy is:


A) $200 million.
B) $300 million.
C) $500 million.
D) $2.2 billion.

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