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using your graph from question 3 indicate the net price gas producers will receive for the new equilibrium output q2 clearly show and explain how
using your graph from question 3 indicate the net price gas producers will receive for the new equilibrium output q2 clearly show and explain how you determined this final net price how much of this net price is paid by consumers how much is the result of the subsidy explain what the total government expenditure on this subsidy paid to gas producers will be at this new equilibrium q2 while you will not be able to compute a numeric answer you should be able to provide an algebraic expression that relates the total spending on subsidies and explain its logic based on the graph that you had drawn who benefits more from the subsidies consumers or producers or do both benefit equally why
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