If Agricultural Price Supports Are Combined with an Output Restriction,then

question 2

Multiple Choice

If agricultural price supports are combined with an output restriction,then there is:

• A)an expansion of both consumer surplus and producer surplus due to a deadweight loss
• B)an expansion of consumer surplus and reduction in producer surplus due to a deadweight loss
• C)a reduction of both consumer surplus and producer surplus due to a deadweight loss
• D)the disappearance of any deadweight loss
• E)no change in consumer surplus or producer surplus

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