Hi. In a closed economy, these are the demand and supply curves in the perfectly corrpetitiye apples market Qu=?-1f4P: Q5=2P a] What is the welfare effect [if a $2.25 subsidy an apples producers? Explain by how much consumer surplus. producer surplus and total surplus change. Who benets most from the subsidy? [it marks] b} Instead of calculating new CS and T5: are there other ways to understand who would get ml: of the subsidy gains? [2 marks] c] If the subsidy was given to consumers instead of producers. who would benets most from it? Why? [2 marks]