China currently has a policy to subsidize grain production to keep farmers' income up. It sets a target price for the state purchase of the grains. Currently the price is higher than the world price. China's policy has led to:
a. Increases in the domestic stocks of grain
b. Decreases in the state purchases of grain
c. Shortages of grain in China
d. Reduction of imported grain for the use in livestock feed
e. a and d
a. Increases in the domestic stocks of grain
Economics
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