The government wishes to encourage students to become more environmentally conscious and therefore is giving a $ 15,000 per unit subsidy to students who purchase electric vehicles. Given the following demand and supply, what are the economic effects of this subsidy?

P = $100,000 - Q_d

P = $ 50,000 + 2Q_s

Original price___________ Original output____________

New price___________ New output ____________

Benefit to purchaser_______ Benefit to producer________

Total Cost to government