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(Figure: Market for Reusable Jute Shopping Bags) Refer to the market for reusable jute shopping bags that is shown in the gure. The original equilibrium
(Figure: Market for Reusable Jute Shopping Bags) Refer to the market for reusable jute shopping bags that is shown in the gure. The original equilibrium price is $7 per bag. A subsidy is now introduced for buyers of the bags. The amount of the subsidy is: Price {5 per bag} Supply 33 $5 New demand Old demand 6.000 1000 Quantity 0'! bags 0 $2. 0 $3. 0 $1. 0 $3
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