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All information is provided The domestic demand for mp3 players is given by P = 85 - Q. The supply of domestic producers is given

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The domestic demand for mp3 players is given by P = 85 - Q. The supply of domestic producers is given by P = 15 + Q, and the international supply by P = 20. Note: For each graphing question, select the proper drop-down for the graph and plot the lines using two points. Round your numerical values to the nearest whole digit. . Demand Line 90- 75- 60 Price ($) 45- 30- 15. 10 20 30 40 50 60 70 80 90 100 Reset Quantity (mp3 players) a) Draw the supply curve, the demand curve, and the world price line. What are the amounts supplied by domestic suppliers and by foreign suppliers. Amount supplied by domestic suppliers = 0 mp3 players Amount supplied by foreign suppliers = 0 mp3 players b) If the government gives a production subsidy of $15 per unit on the domestic suppliers in order to increase their competitiveness, draw the new supply curve with the subsidy and compute the new quantities supplied by domestic and foreign producers. Amount supplied by domestic suppliers (with subsidy) = 0 mp3 players Amount supplied by foreign suppliers (with subsidy) = 0 mp3 players c) What is the cost to the government of this scheme? Subsidy Cost = $ 0

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