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please help me solve this. please answer in detail using a graph and fill the table too. thank you. Quantity Demanded Weekly Quantity Supplied Consumption
please help me solve this. please answer in detail using a graph and fill the table too. thank you.
Quantity Demanded Weekly Quantity Supplied Consumption Revenues from Weekly Sales Expenditures Price ($) (S) 10 12 14 16 18 20 22 1800 1600 1400 1200 1000 800 600 600 800 1000 1200 1400 1600 1800 Question 1 If the government substitutes a $2 subsidy for the $20 floor price in b), explain how that would affect the demand and/or supply and determine the new equilibrium price and quantity. Explain your answer in detail and draw a graph to represent your Step by Step Solution
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