2. Per-U'nit Subsidies _ Electric cars do ncIt use gas and they do not produce tailpipe emissions. As a result there has been interest in using government policies to fosterthe use of electric cars. 3. Assume that the US. government decides to provide a subsidy for each electric car purchased and that the subsidy is statutorily provided to electric car buyers (in other words, the law authorizing the subsidy states that the buyers would receive the subsidy). How would the price that electric car buyers pay, the amount the electric car sellers receive, and the quantity of electric cars sold change as a result of this policy? Explain in words and graphically. b. How would you expect the introduction of the subsidy for electric cars to change deni the price and quantity of gas-fueled cars purchased? Explain in Words and graphically. [Wit