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Suppose the demand curve for soybeans is Q(P)=300-10P and the supply curve is Q(P)=10P. Calculate the deadweight loss of a policy in which the government

Suppose the demand curve for soybeans is Q(P)=300-10P and the supply curve is

Q(P)=10P.

Calculate the deadweight loss of a policy in which the government supports a price

at P=20 with a deficiency payment program. (Price Support)

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