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Task: Farmers in India are protesting against removal of any price floor ( Minimum support price) on agricultural products. Price floor is the minimum guaranteed

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Task: Farmers in India are protesting against removal of any price floor ( Minimum support price) on agricultural products. Price floor is the minimum guaranteed income to the farmers on their agricultural produce. Watch the video a.Construct the diagram b.Analyse the impact on stakeholders (producers, consumers, government , economy) c.Calculate the welfare loss and comment on the allocation of resources (efficient or not)

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