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Suppose that the demand curve for wheat is Q = 500 - lop and that the supply curve is Q = lop. What are
Suppose that the demand curve for wheat is Q = 500 - lop and that the supply curve is Q = lop. What are the effects of a subsidy (negative tax) of s 4 per unit paid to producers on the equilibrium, government subsidy cost. consumer surplus (CS), producer surplus (PS), welfare (W), and deadweight loss (OWL)? With the subsidy. the equilibrium price is $ 23 and the equilibrium quantity is 270, units. (Enter your as whole numbem) The cost Of the subsidy to the government is $C). (Enter your response as a whole number.)
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