Question: 7 PART B: (Short answer questions). Answer all questions. Use rulers to draw graphs and make sure to labelthe graphs. 1. Use a hypothetical example

PART B: (Short answer questions). Answer all questions. Use rulers to draw graphs and make sure to labelthe graphs. 1. Use a hypothetical example to lllustrate the eftect of an export subsidy on the following (10 points) a) Domestic price b) Worid price c) Change in exports d) Cost of subsidy e) DWL

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