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Home price $175 Pw + subsidy $125 Pw 20 40 100 120 Quantity 1. At the world price there is a (shortage/surplus) of (quantity) in

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Home price $175 Pw + subsidy $125 Pw 20 40 100 120 Quantity 1. At the world price there is a (shortage/surplus) of (quantity) in the home market, which is (imported/exported). 2. According to the figure, the home country provides a subsidy of $ which results in an increase in exports of (quantity). 3. The subsidy results in a(n) (increase/decrease) of government revenue by the amount of $ 4. The subsidy results in increase/decrease) in producer surplus by the amount of $ 5. The deadweight loss because of the subsidy is $

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