The supply of a measles vaccine is given by S = 2P. The demand for the...

 

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The supply of a measles vaccine is given by S = 2P. The demand for the same vaccine is given by D = 50 - 3P. a) Absent any intervention, what are the equilibrium price and quantity of the vaccine? b) The government, to encourage vaccination, implements a subsidy of 5 to be paid to the suppliers for each unit of the vaccine sold. The supply of a measles vaccine is given by S = 2P. The demand for the same vaccine is given by D = 50 - 3P. a) Absent any intervention, what are the equilibrium price and quantity of the vaccine? b) The government, to encourage vaccination, implements a subsidy of 5 to be paid to the suppliers for each unit of the vaccine sold.