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DWebb DWebb
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All of the following are effects of U.S. federal price supports on agricultural products, EXCEPT
A) The market cannot arrive at an equilibrium price through its normal market mechanism.
B) Farmers' incomes are artificially raised by government subsidies.
C) Buyers pay more than they would if market conditions prevailed.
D) Consumers' incomes are artificially raised by these agricultural price supports.
E) Farmers grow a larger amount of surplus crops than consumers buy.
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The World Economy: Resources, Location, Trade and Development

The World Economy: Resources, Location, Trade and Development


Edition: 5th
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GiNi3DGiNi3D
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