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36. The government decides to subsidize the bio-fuel industry. They decide to subsidize the producers by $3 for every unit of bio-fuel they produce. The demand and supply curves are Q = 120 - 20P , QS = -40 + 12P . As a result of the subsidy, buyers will pay less and sellers will receive more. And, it tells that supply is relative (a) 1; 2; inelastic (b) 2; 1 ; elastic (c) 2; 1; inelastic (d) 1.125; 1.875; inelastic (e) 1.65; 1.35; elastic F10:48 they 5665: it tells that supply