Demand and supply of laptop computers are given in Figure 6P-4. The quantity of laptops is given
Question:
a. What will be the quantity of laptops bought and sold at the new equilibrium?
b. What will be the price consumers pay for laptops under the subsidy?
c. What will be the price that sellers receive for laptops under the subsidy?
d. How much money should the government budget for the subsidy?
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