Question: Please answer the following question as soon as possible. 2) Using the diagram below, Illustrate and briefly explain which is more efficient, a subsidy on

Please answer the following question as soon as possible. 2) Using

Please answer the following question as soon as possible.

the diagram below, Illustrate and briefly explain which is more efficient, a

2) Using the diagram below, Illustrate and briefly explain which is more efficient, a subsidy on good X or an income transfer of the same dollar amount, and why [5 marks) Y IIPx I'IPx X

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