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Problem 1: (20 POINTS) In rural South American areas where the polio epidemic has been most difficult to control, international relief efforts aimed at disease eradication have been shown to be effective. To make the oral polio vaccine more affordable, either consumer purchases (demand) or production (supply) can be subsidized. Consider the following market demand and market supply curves for a generic oral polio vaccine: QD = 2,400 - 100P (Market Demand) Qs = -240 + 120P (Market Supply) where O is output measured in doses of oral vaccine (in thousands), and P is the market price in dollars. a. Find the current equilibrium price and quantity in this market. b. Find the equilibrium price and quantity in this market if the government offers a $11.00 per unit subsidy for providers of the vaccine. c. What will happen to the price buyers pay per dose of the vaccine as a result of the subsidy? d. What price will providers actually receive (net price) per dose yard after the subsidy? e. How much will this subsidy cost the government? f. Now suppose the government decides on a different policy. Calculate the equilibrium price/output solution after the institution of a voucher system whereby consumers can use a $11.00 voucher to supplement their cash payment. g. What will happen to the net price buyers pay per dose of the vaccine as a result of the vouchers? h. What price will providers actually receive per dose after the vouchers? i. How much will this system of vouchers cost the government? j. Discuss the differences in these two approaches to helping solve the polio epidemic