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police economic y -2x +450 8 88. 8 858 8878 8 858 8835 8 858 $838 8 838 y = 100 + 5x y

police economic
y " -2x +450 8 88. 8 858 8878 8 858 8835 8 858 $838 8 838 y = 100 + 5x y = 30 . 5x 1. Simultaneous equations y. 100 + x 1) Use the framework of demand and supply curves as described in picture to analyze the effects of subsidy on producers and consumers. 2) Who benefits more from subsidy: 3) Analyze different situations with respect to different elasticities

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