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Business, 13.11.2019 20:31 kamkam6200

Answer the next question(s) based on the following supply and demand schedules in units per week for a product. price quantity demanded quantity supplied $60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 if the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total support payments to producers would be rev: 05_07_2018
a. $3,000 per week.
b. $3,500 per week.
c. $4,000 per week.
d. $2,500 per week.

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