Priovide concise answers for each of the following questions;
A. Draw a diagram showing how agricultural price subsidy is given to farmers through establishing a price floor.
B.Why economists consider this policy as inefficient? After all we support our farmers and prevent them from becoming bankrupt
C. Is there a better way to support farmers and if why how and try to present it by appropriate by appropriate diagram or set of diagrams?
D. Can providing subsidy ever be justified?