A government subsidy granted to import-competing producers results in production is TV sets, domestic consumption is...
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A government subsidy granted to import-competing producers results in production is TV sets, domestic consumption is the subsidy to the Venezuelan government is $ price of TV sets as compared to the free-trade level. Domestic TV sets, and Venezuela imports TV sets. The total cost of PRICE (Dollars per TV set) 600 550 500 450 400 350 300 250 200 150 100 S World Supply S With subsidy Ewith E with subsidy 50 Demand 0 100 200 300 400 500 600 700 QUANTITY (Number of TV sets) 800 900 1000 A government subsidy granted to import-competing producers results in production is TV sets, domestic consumption is the subsidy to the Venezuelan government is $ price of TV sets as compared to the free-trade level. Domestic TV sets, and Venezuela imports TV sets. The total cost of PRICE (Dollars per TV set) 600 550 500 450 400 350 300 250 200 150 100 S World Supply S With subsidy Ewith E with subsidy 50 Demand 0 100 200 300 400 500 600 700 QUANTITY (Number of TV sets) 800 900 1000
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