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Give the correct answer with detailed explanation and don't copy from internet. Domestic demand for beef in the domestic economy is characterized by the equation
Give the correct answer with detailed explanation and don't copy from internet.
Domestic demand for beef in the domestic economy is characterized by the equation P = 180 - 3Q , domestic supply is characterized by the equation P = Q - 50, and the world price is equal to 40. Then an export subsidy of 10 per unit will O increase the domestic price O change nothing O decrease the domestic price O decrease the volume of domestic exportStep by Step Solution
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