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Refer to the Diagram for the Corn Market

Question 218

Multiple Choice

Refer to the diagram for the corn market. As a consequence of a price support of B, consumers will A) increase their purchases of the product. B) pay a lower price, M rather than A, for the product. C) pay a higher price, B rather than A, for the product. D) pay a higher price, A rather than M, for the product. Refer to the diagram for the corn market. As a consequence of a price support of B, consumers will


A) increase their purchases of the product.
B) pay a lower price, M rather than A, for the product.
C) pay a higher price, B rather than A, for the product.
D) pay a higher price, A rather than M, for the product.

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