Business, 28.12.2020 18:00 dollaass17
The government occasionally uses price supports to aid farmers. A price support works like this: the government promises to buy all the produce the farmer cannot sell in the market at some pre-set price. For example, if the price of lettuce was $.30 a head in the market, the government might offer a price support of $.50 a head. Show and explain that the effect of a price support is the same as a price floor. You should use graphs to aid your explanation.
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The government occasionally uses price supports to aid farmers. A price support works like this: the...
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