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Q3.
Subsidies for producers increase supply and the quantity demanded by consumers. The government provides production subsidies whenever it is in the interest of the public in order to meet demand. As the producer increases supply, the cost of production is reduced, allowing the supplier to profit from both the subsidy and lower costs. As the result prices also decreases of
Cement products in domestic market
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ECO401 Current Final Term paper (02:30 PM, 18-02-2020)