If dairy farming is subsidised, we would expect the value of a litre of milk to bea. equal to the price paid by the consumer for a litre of milk.b. greater than the price paid by the consumer for a litre of milk.c. less than the price paid by the consumer for a litre of milk.d. lower because of the subsidy.e. higher because of the subsidy
This question was answered on: May 23, 2022
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