Question: Set all variables to their baseline values. Set the price of spaghetti to its equilibrium level. Government grants a subsidy of $3 per plate. 18)

Set all variables to their baseline values. Set the price of spaghetti to its equilibrium level. Government grants a subsidy of $3 per plate.

18) What's the change in price due to the subsidy?

19) Continuing on from the last question, what's the change in quantity due to the subsidy?

20) Continuing on from the last question, what's the total cost of the subsidy to the government?

Set all variables to their baseline values. Set the price of spaghetti

28 29 price 30 -- supply 31 30 MARKET DATA 32 demand Price of spaghetti $7. 13 25 33 Quantity demanded 2909 34 20 Quantity supplied 2909 35 Excess demand 0 15 36 37 10 DEMAND DATA 38 5 Income $20,000 39 Price of tacos $6.00 40 Price of wine $20.00 41 0 2000 4000 6000 8000 10000 42 SUPPLY DATA 43 quantity Price of sauce $3.00 44 Price of labor $5.00 Set baseline 45 values Questions Per unit tax $0.00 46 47 Print Go to answer 48 EQUILIBRIUM ANSWER SHEET ANSWER BIN + Ready - + 100 12:29 PM Type here to search O W X 43.F 1/23/2022

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