Now, assume that the regulator would like to implement this mandate buy legally isnt required to force people to purchase insurance. However: the regulator decides to try and get people to buy insurance by subsidizing them to buy insurance. Assume that the regulator gives all consumer a subsidy equal to 2, funded from general taxation revenues. Given this subsidy, how many people buy insurance now in this competitive market? What is the price of insurance (before factoring the subsidy into that price)