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https://en.wikipedia.org/wiki/Price_support
In economics, a price support may be either a subsidy or a price control, both with the intended effect of keeping the market price of a good higher than the competitive equilibrium level. In the case of a price control, a price support is the minimum legal price a seller …
http://www.investorwords.com/3821/price_support.html
price support. Definition. Minimum price for a product, established by a government and supported by payments to producers in the event that the market price falls below the specified minimum.
https://www.econlib.org/library/Enc1/AgriculturalPriceSupports.html
This type of government program can provide some protection against wide swings in prices if the acquisition (support) price is set at about 75 percent of a five-year moving average of market prices (leaving the highest number and the lowest number out of the calculation).
https://www.chegg.com/homework-help/questions-and-answers/ch-7-micro-econ-1-effective-price-support-subsidy-sugar-growers---makes-sugar-market-effic-q17011195
Expert Answer. Solution- 1) An effective price support and subsidy to sugar growers creates a deadweight loss. The correct option is C. creates a deadweight loss. Reason- Because the total balance in the market is l view the full answer.
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Answer to: An effective price support and subsidy to sugar growers A. makes the sugar market more efficient B. creates a deadweight loss C.... for Teachers for Schools for Working Scholars for ...
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https://www.coursehero.com/file/23762154/microexamchapter7quizanswersmyeconlab/
Chapter 7: 1. An effective price support in the wheat market _____ a. increases the quantity of wheat supplied and creates a surplus of wheat 2. Countries in the European Union have been stockpiling butter and wine.These surpluses are the result of price _____ for agricultural products that are set _____ the equilibrium price. a.
https://quizlet.com/30202936/ap-econ-ch-7-flash-cards/
In order to have an effective price support the government isolates the domestic market from the world market by restricting imports true a price support sets the maximum price …
https://www.grammarly.com/blog/affective-vs-effective/
Aug 30, 2016 · Effective describes something that produces a desired result. Effective comes from the noun effect , which means result. Affective comes from the noun affect , which does not mean the same thing as the verb affect .
https://quizlet.com/54279641/econ-ch-9-flash-cards/
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 are positive, but more than offset by the cost to consumers and the government.
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