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Hi, tutors ,please help this question ,please show the working in details.Thank you very much ! question A is shown on the pic,question (b) Calculate

Hi, tutors ,please help this question ,please show the working in details.Thank you very much ! question A is shown on the pic,question (b) Calculate the percentage share of the total subsidy received by: (i) consumers (ii) producers

question c is One effect of the subsidy is to increase which one of below : (1) A consumer surplus B market failure C public good provision D tax revenue

image text in transcribed
3 The Indian government has introduced a subsidy on domestic cooking gas cylinders in the city of Mumbai. The diagram below shows the effect following the introduction of the subsidy. Price per cylinder (Rupees) S S1 1023 - - - 526 455 D 0 1.5 1.8 Quantity of gas cylinders, daily (million) (Source: https://www.iocl.com/products/indanegas.aspx and http://indianexpress.com/article/business/business-others/lpg- subsidy-fixed-at-rs-568-price-to-change-after-march/) (a) Calculate the total domestic cooking gas subsidy paid daily by the Indian government. You are advised to show your working

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