10.30. Suppose that demand and supply curves in the market for corn are Qd " 20,000 ! 50P and Qs " 30P.

Suppose that the government would like to see the price at $300 per unit and would like to do so with an acreage limitation program. How much would the government need to spend to achieve this? What is the total deadweight loss at the point where the government is successful in its objective?