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Imagine the market demand and supply for chicken is such that Q d = 2,000-300P and Q s = 800+200P.To aid chicken producers,the U.S.government agreesto
Imagine the market demand and supply for chicken is such that Qd= 2,000-300P and Qs = 800+200P.To aid chicken producers,the U.S.government agreesto put a price support on chickens of $3.00 per unit. If this price support goes into effect, how many chickens will the government be forced to buy? How much will the government spend on this policy?
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