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2. Consider the demand and supply functions: Q d =300-4P and Q s =3P-120 A $10 subsidy is given to the suppliers. Calculate the percentages

2. Consider the demand and supply functions:

Q^d=300-4P and Q^s=3P-120

A $10 subsidy is given to the suppliers. Calculate the percentages of subsidies that the sellers and the buyers will receive respectively.

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Qd 300 4P Qs 3P 120 At equilibrium Qd Qs 300 4P 3P 120 420 ... blur-text-image

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