Draw diagram showing how agricultural price subsidy

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Reference no: EM131109526

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?

Reference no: EM131109526

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