The Figure Below Shows the Demand (D) and Supply (S)

question 53

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of corn syrups.Figure 21.3

-As a result of the government procurement policy in the U.S.:

• A)the domestic consumers are required to pay a higher price than the world price for the domestically produced goods.
• B)the government wields the sole authority of importing goods from abroad.
• C)the government wields the sole authority of exporting goods.
• D)the domestic producers can charge the government a higher price for their products than they charge consumers.
• E)the government is required to sponsor research and development for the domestic firms.

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