Question: For this question, the demand is P = 145 - 3Q & supply is P = 35 + 2Q. To enable more citizens to buy

For this question, the demand is P = 145 - 3Q & supply is P = 35 + 2Q.

To enable more citizens to buy more gasoline, the Government decides to give gasoline producers a subsidy of $5 per unit

What price will consumer's pay and how much gasoline will they buy?

How much will the Government spend on the subsidy?

What will be the change in producer surplus?

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