if agricultural price support are combined with an output restriction, then there is: a) no change in
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Question:
if agricultural price support are combined with an output restriction, then there is:
a) no change in the consumer surplus or producer surplus
b) a transfer of producer surplus to consumer surplus due to the higher price
c) a transfer of producer surplus to consumer surplus due to the lower price
d) a transfer of consumer surplus to producer surplus due to the higher price
e) a transfer of consumer surplus to producer surplus due to the lower price
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