The following graph depicts the market-level effects of...

The following graph depicts the market-level effects of using set-aside requirements to support farm prices and income. FIG CANT COPY Enter a $\mathrm{T}$ or $\mathrm{F}$ in the following blanks to indicate whether the corresponding statements are true or false: ______________Domestic consumers are made worse off economically in the current period as a result of the government's actions. ______________The extent to which the government has to enter the market is unaffected by the elasticity of the demand curve. ______________$Q_{\mathrm{F}}$ represents the quantity sold to foreign governments. ______________Areas 3 and 4 represent the economic loss to society as a result of this policy action. ______________Producers gain area 6 from consumers' willingness to pay price $P_G$ for quantity $Q_{\mathrm{G}-}$

The following graph depicts the market-level effects of using set-aside requirements to support farm prices and income. FIG CANT COPY
Enter a $\mathrm{T}$ or $\mathrm{F}$ in the following blanks to indicate whether the corresponding statements are true or false:
______________Domestic consumers are made worse off economically in the current period as a result of the government's actions.

______________The extent to which the government has to enter the market is unaffected by the elasticity of the demand curve.
______________$Q_{\mathrm{F}}$ represents the quantity sold to foreign governments.

______________Areas 3 and 4 represent the economic loss to society as a result of this policy action.

______________Producers gain area 6 from consumers' willingness to pay price $P_G$ for quantity $Q_{\mathrm{G}-}$

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