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Assume that the demand and supply functions for the Wondrous Superglue's product are: Qd = 15 - 6P; Qs = -10 + 4P. Assume
Assume that the demand and supply functions for the Wondrous Superglue's product are: Qd = 15 - 6P; Qs = -10 + 4P. Assume that after some zero-cost lobbying, Wondrous Superglue convinced the government to provide a per unit subsidy for its products of 2. Find the total cost of the subsidy. a) 21.6 b) 4.8 c) 10.8 d) 3.2 e) 32
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Explanation QD 156p Qs 104p ...
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
