The market shown in Figure 6P-9 is in equilibrium. Suppose there is a $15 per unit subsidy
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a. Draw the after-subsidy demand curve.
b. Plot the after-subsidy price paid by consumers and the after-subsidy price paid by sellers.
Figure 6P-9:
Transcribed Image Text:
Price ($) 70 65 60 55 50 45 40 35 30 25 20 15 D, 10 80 100 120 140 160 180 200 20 40 60 Quantity un
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Each unit of the good is now 15 less expensive to buy Thus the demand curve i...View the full answer
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