QUESTION 14 A domestic firm produces smartphones and sells them in the local market. To help the domestic form come again for the guita domestic producer a subsidy of $100 per smartphone. The domestic firm's demand schedule and supply schedule after subsidy in the table Quantity Supplied Quantity Kwith zero Quantity Supplied Price (5) Demanded subsidy) Kafter subsidy 200 80 0 250 50 10 200 40 120 50 130 30 00 120 440 0 10 50 60 0 point) With this subsidy intervention, what is the equilibrium price of a domestically produced smartphone? The equilibrium quantity? Equilibrium price after subsidy = $ Equilibrium quantity after subsidy - units points) How many domestically produced smartphones were originally purchased (e. before the subsidy was provided)? (Note: on your own scratch paper, you would need to complete the column of quantity supplied) NO units B) (2 points) How many domestically produced smartphones were originally purchased to the poi (Note: on your own scratch paper, you would need to complete the column of the Quantity demanded of smartphones before subsidy units c) (1.5 points) How much is the government expenditure on this subsidy intervention Subsidy expenditure for government = $ D) (1.5 points) Calculate the deadweight loss of this subsidy Deadweight loss of this subsidy = $ For the toolbar, press ALT+F10 (PC) or ALTHEN+F10 (Mac). I gs Paragraph Arial 10pt !!! ili