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The federal government often aids farmers through systems of price supports. Suppose that the government sets a price support of ?$7 per bushel in the

The federal government often aids farmers through systems of price supports.

Suppose that the government sets a price support of ?$7 per bushel in the barley market. The graph on the right shows this situation.

The price of barley would be ?$tbd per bushel if there was no price support. In order to maintain the price?support, the government will have to purchase tbd bushels of barley.

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