Discuss the impact on consumption and production

Reference no: EM13245805

The country of Benin both grows and imports rice. If the government of Benin wants their rice farmers to earn more for their rice than the world price but does not want its consumers to pay more for the rice than the world price so as to keep the cost of living low.

What policy do you think should be employed?

discuss the impact on consumption, production, and welfare of your proposed policy.

Based on the question above please advise on an international trade policy that will have the requested effects and show it on a supply and demand graph.

Reference no: EM13245805

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