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The country of Dumnonia is experiencing a shortage of an essential medication following a destructive fire at a major pharmaceutical factory. Because of this shortage,
The country of Dumnonia is experiencing a shortage of an essential medication following a destructive fire at a major pharmaceutical factory. Because of this shortage, consumers in Dumnonia begin to demand more of the medication from producers in the neighbouring country of Wessex. This action results in a shortage of the medication in Wessex. If the government of Wessex provides a production subsidy that results in a supply curve shift of a greater magnitude than the shift caused by Dumnonia's increased demand, the market price of the medication will be lowerfequalrhigher compared to the pre-re original? [a] (Type L for lower, E for equal, H for higher, N for need more information)
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