The daily supply of apples is $ (p) = 10,000 x (p - 3) kilos and the daily demand for apples is D (p) = 15,000 (8 - p) kilos. (a) The price of apples is $ [Select] per kilo. (b) Suppose the government offers apple sellers a subsidy of $1.25 per kilo. The sticker price of apples will be $ [Select] [Select] per day. per kilo. The cost of the subsidy for the government is $ (c) Suppose that the government is frustrated that apple sellers' profits are rising much less than the government is spending on the subsidy, so they get rid of the subsidy. In its place, they offer apple sellers cash grants of $40,000 per day regardless of the price of apples or how many apples are sold. Assuming that apple sellers are behaving optimally and the laws of supply and demand are in effect, the price of apples will be $ [Select] per kilo. (d) Why are apple sellers better off with cash grants (as in part c) instead of per-kilo-sold subsidies (as in part b)? [Select]