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Thus, start with the original demand (Qd = 112 - 4P) and supply (Qs = 2P - 8) and analyze this new intervention, the subsidy.
Thus, start with the original demand (Qd = 112 - 4P) and supply (Qs = 2P - 8) and analyze this new intervention, the subsidy. The subsidy works like this: avocado sellers receive a $6 refund from the government for each kilogram of avocados they sell to consumers
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