How much does the program cost the government, Macroeconomics

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How much does the program cost the government

Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels. How many bushels of corn are purchased by consumers and at what price? By the government? How much does the program cost the government? How much revenue do corn farmers receive?

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Macroeconomics: How much does the program cost the government

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Macroeconomics: How much does the program cost the government

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