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Government provided P550.00 subsidy to producers. (Graph items 1-4) 1. What is the Pb? 2. What is the Ps? 3. How much is the Reseource

Government provided P550.00 subsidy to producers.

(Graph items 1-4)

1. What is the Pb?

2. What is the Ps?

3. How much is the Reseource Misallocation (RM)?

4. How much is lost from the society (DWL) (Color the area black)

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