what are the answers to these questions?
Homework Answers
11. Subsidy= difference between two supply curves.
Subsidy = 15-11= 4
12. After subsidy price seen by producers= 17
13. After subsidy price seen by consumers = 13
14. Deadweight loss = 0.5(17-13)(12-10)= 4
15. Cost of subsidy to government = (17-13)12= 48
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