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Assume a world price of $400 and an export subsidy of $100. The total cost of the export subsidy to the government will equal: $18,000

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Assume a world price of $400 and an export subsidy of $100. The total cost of the export subsidy to the government will equal: $18,000 $24,000 $6000 $12,000

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700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 Supply Demand

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