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Export Policies in Resource-Based and High-Technology Industries Suppose Home is a small exporter of wheat. Initially, the world price is $70 per ton. Now suppose

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Export Policies in Resource-Based and High-Technology Industries

Suppose Home is a small exporter of wheat. Initially, the world price is $70 per ton. Now suppose the Home government decides to support its domestic producer with a production subsidy of $10 per ton. Use the accompanying figure to answer the following questions.

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