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Suppose the government gives a guaranteed minimum price for sugar of $.25 cents a pound - and agrees to purchase any surplus which is

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Suppose the government gives a guaranteed minimum price for sugar of $.25 cents a pound - and agrees to purchase any surplus which is subsequently destroyed. Demand and Supply are: Qd 200,000 350,000P Qs = 650,000P Following the production quota, what is the change in producer surplus? Cost to government? What is the deadweight loss compared to a perfectly competitive market? The final answers should be in numerical values.

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