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Suppose the market for wheat can be described by the following equations: Demand: Qp = 3434 -- 268P Supply: Qs = 1674 +235P where P

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Suppose the market for wheat can be described by the following equations: Demand: Qp = 3434 -- 268P Supply: Qs = 1674 +235P where P is the price of wheat in dollars per bushel, and Q is the quantity in million of bushels. Suppose the government grants a subsidy of $1.39 per bushel to the wheat producers. What will be the total cost to the government? Answer: $ million Into

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