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Agricultural Price Supports in Australia

Question 84

Multiple Choice

Agricultural price supports in Australia


A) decrease the deadweight loss and improve market efficiency.
B) benefit Australian taxpayers, Australian farmers and Australian consumers.
C) create gains to Australian farmers that are at least as large as the losses to Australian consumers.
D) harm Australian consumers, Australian taxpayers and foreign farmers and create a deadweight loss.
E) None of the above answers is correct.

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