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Suppose the supply of and demand for wind energy in a large city are given by QD = 6,000 - 3,000P QS = -2,000 5,000P
Suppose the supply of and demand for wind energy in a large city are given by QD = 6,000 - 3,000P QS = -2,000 5,000P where Q is megawatt hours (MWh) per month, and P is the price per megawatt hour. Suppose that the government starts paying a subsidy of $0.25 per megawatt hour to encourage the use of wind energy. As a result of the subsidy, buyers will pay a price of ____, and sellers will receive a price of ____. Question 12 options: $0.75; $1.00 $1.00; $1.25 $0.90; $1.15 $0.84; $1.09
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