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-The Above Figure Shows the Domestic Market for Wheat

Question 180

Multiple Choice

  -The above figure shows the domestic market for wheat.Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a ton.To keep the price at this level,the government will ________ million tons of wheat. A)  purchase 300 B)  sell 400 C)  purchase 100 D)  purchase 250 E)  sell 300
-The above figure shows the domestic market for wheat.Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a ton.To keep the price at this level,the government will ________ million tons of wheat.


A) purchase 300
B) sell 400
C) purchase 100
D) purchase 250
E) sell 300

Correct Answer:

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