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QUESTION
On a graph, explain how the price control in the US would change theconsumer surplus, producer surplus, and deadweight loss in thedomestic wheat...
On a graph, explain how the price control in the US would change theconsumer surplus, producer surplus, and deadweight loss in thedomestic wheat market. Assume that the US does not trade wheatinternationally. Also, calculate the changes in consumer surplus,producer surplus and deadweight loss.
