Suppose the government subsidizes the purchase of thermal pane windows, so that anyone who buys a thermal
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Suppose the government subsidizes the purchase of thermal pane windows, so that anyone who buys a thermal pane window receives a rebate from the government of $50 per window.
a. What happens to the demand curve for thermal pane windows?
b. What can you say about the new price of thermal pane windows?
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a The demand curve shifts vertically upward a distance 50 The quick way to see this is to remember ...View the full answer
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