Question: The inverse supply function for paper is: PS = 3 + 05 The demand function for paper is: PP = 12- 20 What's the increase

The inverse supply function for paper is: PS = 3 + 05 The demand function for paper is: PP = 12- 20 What's the increase in producer surplus when a $9 subsidy to consumption is introduced? Please round your final answer only to two decimal places if necessary (e.g., 2.31 or -9.88). (NOTE: You should assume that no tax was in place beforehand) Answer: 18 X

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