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5. Given Demand: Qd = 27 - 3P and Supply: Qs = -3 + 2P. Suppose the government provide an incentive payment to coffee bean
5. Given Demand: Qd = 27 - 3P and Supply: Qs = -3 + 2P. Suppose the government provide an incentive payment to coffee bean farmers to incentivize them to reduce output to 3 tons. What is the minimum government spending that gives farmers enough incentives to reduce production? a. $10.00 b. $15.00 c. $25.00 d. $55.00
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