Suppose the supply of and demand for wind energy in a large city are given by\

Q^(D)=6,000-3,000P\ Q^(S)=-2,000+5,000P

\ where

Q

is megawatt hours (MWh) per month, and

P

is the price per megawatt hour. The current equilibrium price is

$1.00

, and the current equilibrium quantity is 3,000 .\ Suppose that the government starts paying a subsidy of

$0.25

per megawatt hour to encourage the use of wind energy.\ a. As a result of the subsidy, buyers will pay a price of , and sellers will receive a price of\ b. The quantity of wind energy sold after the subsidy is

Suppose the supply of and demand for wind energy in a large city are given by QD=6,0003,000PQS=2,000+5,000P where Q is megawatt hours (MWh) per month, and P is the price per megawatt hour. The current equilibrium price is $1.00, and the current equilibrium quantity is 3,000 . Suppose that the government starts paying a subsidy of $0.25 per megawatt hour to encourage the use of wind energy. a. As a result of the subsidy, buyers will pay a price of , and sellers will receive a price of b. The quantity of wind energy sold after the subsidy is