The price of rice in a small country is currently $6 per pound. In order to help low-income people afford an adequate diet, the government introduces a subsidy of $2 per pound of rice. Using the graph on the right, show the area representing the increase in consumer surplus as a result of the subsidy. Assume that the full amount of the subsidy is passed on to consumers. To do this you must create a single area by combining two shapes obtained as follows: 1.) Using the rectangle drawing tool, draw a portion of the desired area. 2.) Using the triangle drawing tool, draw the second portion of the desired area. Carefully follow the instructions above and only draw the required objects. According to the graph, consumer surplus increases by $ 50 as a result of the subsidy. Now using the rectangle drawing tool, show the cost of the subsidy in the graph to the right. (Note: the "hatched" area measures the increase in consumer surplus derived above.) Carefully follow the instructions above and only draw the required object. c =] Qo Q . @ aQ @ .9 = o (50,0) Now using the rectangle drawing tool, show the cost of the subsidy in the graph to the right. (Note: the "hatched" area measures the increase in consumer surplus derived above.) Carefully follow the instructions above and only draw the required object