A country is a leading producer of lumber. They want to increase their export of lumber. They decide to impose a subsidy on the export of lumber. What are the result of this decision on exports, domestic consumers, and producers? (1 point)
• The subsidy will decrease exports of lumber and raise the prices for domestic consumers and producers.
• The subsidy will increase exports of lumber and raise domestic prices for consumer and producers.
• The subsidy will increase exports of lumber and lower prices for domestic consumers and producers.
• The subsidy will decrease exports of lumber, lower prices for domestic consumers, and raise the price for producers.