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-The Above Figure Shows Supply and Demand Curves for Milk

Question 117

Multiple Choice

  -The above figure shows supply and demand curves for milk.In an effort to help farms,the government passes a law that establishes a $3 per gallon price support,but allows farmers to decide how much milk to produce.The government then provides a deficiency payment to guarantee that the farmers receive $3 per gallon.The required deficiency payment equals A)  b + c + f + g + h + i + j. B)  b + c + f + g + h + i. C)  f + g. D)  b + c.
-The above figure shows supply and demand curves for milk.In an effort to help farms,the government passes a law that establishes a $3 per gallon price support,but allows farmers to decide how much milk to produce.The government then provides a deficiency payment to guarantee that the farmers receive $3 per gallon.The required deficiency payment equals


A) b + c + f + g + h + i + j.
B) b + c + f + g + h + i.
C) f + g.
D) b + c.

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