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Consider a market with the following demand and supply functions: D: Q = 4 - P; S: Q = -1 + P. Assume the government

Consider a market with the following demand and supply functions:

D: Q = 4 - P;

S: Q = -1 + P.

Assume the government provides a $1 subsidy for each unit consumed. The market equilibrium quantity with the subsidy is:

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Microeconomics Theory and Applications with Calculus

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