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HI. I need assistance with the following question. Assume that: Demand : Q(d)= 100-20P Supply : Q(s)= -20+20P The government then decides to impose subsidy
HI. I need assistance with the following question.
Assume that:
Demand : Q(d)= 100-20P
Supply : Q(s)= -20+20P
The government then decides to impose subsidy to consumers to assist them to purchase solar PV panels
Calculate impact of SUBSIDY on CONSUMERS
I already calculated coordinates of each axes and equilibrium price and quantity which can be found in the attachment.
I'm looking forward to your help :)
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