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Task 4: The impact of subsidies on the U .S . supply curve for cotton Suppose that U.S. cotton growers receive subsidies under the program

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Task 4: The impact of subsidies on the U .S . supply curve for cotton Suppose that U.S. cotton growers receive subsidies under the program described above. How much cotton would U.S. growers be prepared to supply if the market price was $0.10 per pound? $0.40 per pound? $0.80 per pound? Sketch the US. supply curve with subsidies

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