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When the federal government installs a price support program that requires the government to purchase all of a good not bought in the private economy
When the federal government installs a price support program that requires the government to purchase all of a good not
bought in the private economy at the support price, changes in producer surplus
Select one:
a are negative.
b are positive, and not offset by the cost to consumers and the government.
c and consumer surplus are both positive.
d are positive, but more than offset by the cost to consumers and the government.
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