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2. When the market price is Rp. 10/unit, no one producer wants to offer their goods in the market. The price increase to Rp
2. When the market price is Rp. 10/unit, no one producer wants to offer their goods in the market. The price increase to Rp 20/unit causes producers to offer 20 units of goods in the market. With the demand function P = 144-Q" a. Determine what the market equilibrium price and quantity are b. If the goods are given a subsidy of Rp. 5/unit, how will the price and quantity balance the market after the subsidy. c. Calculate the amount of subsidies received by consumers and producers and the total subsidies provided by the government. d. Describe the problem above in a graph.
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