Ро Price M E D Consumer surplus Producer Surplus Qu 3rd Party externality Government J+D 4 n/a G n/a Q₁ Q₂ Dm Suppose th

[answerhappygod]

1 (37.87 KiB) Viewed 23 times

Ро Price M E D Consumer surplus Producer Surplus Qu 3rd Party externality Government J+D 4 n/a G n/a Q₁ Q₂ Dm Suppose the figure below refers to the green energy market. Dm and Ds denote the market and social demand curves while 51 and 52 shows the supply of green energy before and after subsidy respectively. a) Complete the table by labelling the respective areas. a) Complete the table by labelling the respective areas. Affected parties Without subsidy With subsidy (2) (1) D₂ S₁ S₂ Quantity Overall changes (label the area) (3) Overall changes by indicating (+) or (-) (4)