The pre-1973 farm price support program resulted in a(n)

a. substantial increase in the number of farmers
b. substantial increase in the number of farms
c. excess demand for farm goods
d. excess supply of farm goods
e. major benefit to consumers of farm goods

D

Economics

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According to your text, during the 2000s, the inflation rate was in which range of percentages?

A) 0-5% B) 5-10% C) 10-15% D) 15-20%

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Figure 4-24


Refer to . The per-unit burden of the tax on sellers is
a.
P3 - P1.
b.
P3 - P2.
c.
P2 - P1.
d.
Q2 - Q1.

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Economics