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Figure 7.1 Partial effect of an Export Subsidy 14. Refer to the Figure 7.1. Free trade world price of commodity X is $3.5, and government

image text in transcribed Figure 7.1 Partial effect of an Export Subsidy 14. Refer to the Figure 7.1. Free trade world price of commodity X is $3.5, and government provides $0.50 on each unit of commodity X exported. Government subsidy is , and the deadweight loss is a. $7.5,$3.75. b. $15,$3.75. c. $7.5,$2.5 d. $15,$2.5

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