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100 100 Q Figure 4 20. Refer to Figure 4. Suppose the government introduces a $70 per unit subsidy in this market. What is the
100 100 Q Figure 4 20. Refer to Figure 4. Suppose the government introduces a $70 per unit subsidy in this market. What is the after-subsidy price paid by consumers and received by producers? A. Consumers Pay2$145 ; Producers Receive: $80 B. Consumers Pay:$80 ; Producers Receive: $145 C. Consumers Payz$140 ; Producers Receive: $180 D. Consumers Payz$180 ; Producers Receive: $140 E. None of the above. 21. Refer to Figure 4. Suppose the government introduces a $70 per unit subsidy in this market. What quantity level will be consumed with the subsidy? A. 60 B. 80 C. 100 D. 120 E. None of the above. 22. Refer to Figure 4. Suppose the government introduces a $70 per unit subsidy in this market. How does producer surplus change after the implementation of the subsidy? A. Decrease by $650 B. Increase by $650 C. Increase by 800$ D. Decrease by 800$ E. None of the above
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