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The government gives farmers a subsidy to produce more dairy products, such as milk.The price of cereal has increased dramatically.(Milk) There will be a shift
The government gives farmers a subsidy to produce more dairy products, such as milk.The price of cereal has increased dramatically.(Milk)
There will be a shift in supply to the right as a result of the subsidy which encourages farmers to produce more milk because producers will be rewarded for hire productions through the use of a subsidy program.
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