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3:10 AM Mon Feb 6 ~>Cl=87 50 = l'le 25'> Q?) :23 Shorm e OP 57 23 = M unit: b] What is the dollar
3:10 AM Mon Feb 6 ~>Cl=87 50 = l'le 25'> Q?) :23 Shorm e OP 57 23 = M unit: b] What is the dollar value of the deadweight loss caused by this price ceiling? 3) Suppose the demand curve for electric vehicles in the U.S. is PD = 85 0.35QD and the supply curve is given by P5 = 24 + 0.15Q5, where prices are measured in thousand of dollars and quantities are measured in thousands ofvehicles. The US government wants to encourage the purchasing of electric vehicles and have a stated goal to increase the number of electric vehicles purchased in the U.S. to 130,000. a] What per-car subsidy would accomplish this goal? Should the subsidy go to the buyers or producers of electric vehicles? b] If the government instead wants to use a price control, would they use a price floor of price ceiling? At what price would they set this price oor or price ceiling at? ?@15%| _|_
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