(15 pts) Suppose the government provides the buyers a subsidy of $2 per unit of goods they buy. Using the graph shown be

[answerhappygod]

15 Pts Suppose The Government Provides The Buyers A Subsidy Of 2 Per Unit Of Goods They Buy Using The Graph Shown Be 1 (105.5 KiB) Viewed 10 times

(15 pts) Suppose the government provides the buyers a subsidy of $2 per unit of goods they buy. Using the graph shown below, determine the value of each of the following: a. equilibrium price before the subsidy consumer surplus before the subsidy c. producer surplus before the subsidy total surplus before the subsidy e. consumer surplus after the subsidy f. producer surplus after the subsidy d. g. total spending of the government on the subsidy h. total surplus (consumer surplus+producer surplus-government subsidy expenditure) after the subsidy i. deadweight loss due to the subsidy 12 11 10 9 8 7 6 5 4 3 2 1 Supply Demand 20 40 60 80 100 120 140 160 180 200 220 240