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Exhibit: Supply and Demand in Agriculture
-(Exhibit: Supply and Demand in Agriculture) If a price floor at P₄ is set to help farmers in terms of income and government wants to assure farmers that their output will be purchased, the government would have to purchase an amount of output equal to:

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Exhibit: Supply and Demand in Agriculture

-(Exhibit: Supply and Demand in Agriculture) If a price floor at P₄ is set to help farmers in terms of income and government wants to assure farmers that their output will be purchased, the government would have to purchase an amount of output equal to:

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The government would have to purchase an amount of output equal to Q3 - Q0 to assure farmers that their output will be purchased at the price floor of P4.

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