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What is the impact of the price floor on the production of European wheat? Explain in your own words the characteristics of supply (quantity and

What is the impact of the price floor on the production of European wheat? Explain in your own words the characteristics of supply (quantity and price) in this situation. To formulate your answer, consider the global market for wheat and what would be the equilibrium if there were no political subsidies to maintain the price floor in Europe (don't include charts)

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