Given the following chart, find the cost of government subsidy, if you know that P-40 and * P*=30

Q: The inverse supply function for pizza is: pS = 4 + QS The inverse demand function for pizza is: pD =…

A: Given information: Supply function: Ps=4+QS Demand function: Pd=10-Qd If there is a tax of $2 on…

Q: The government decides to place a £25 per unit-subsidy on the sales of books. The initial demand and…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: A) Given the following information: QD= 240-5P QS= P Where QD is the quantity demanded, QS is…

A: The equilibrium in the market establishes where the dd meets the ss. Therefore, by equating QD with…

Q: Discuss the type of price control that a government would implement if it wishes to impose a…

A: Maximise social welfare is the government aim so the government interfere in the market. If the…

Q: Discuss the need for, and problems associated with the administration of subsidies

A: A government subsidy is a direct or indirect payment, economic concession, or privilege given to…

Q: Assume there is a positive externality associated with having a tertiary education. Is the…

A: A positive externality means the due to the production of the product the society will get the…

Q: Chick-Thai is the only store sells chicken sandwiches around Santa Barabar, where the inverse demand…

A: Marginal cost(MC) : when there is change in output level then cost will also changes .  MC=△TC△Q

Q: Price Supply A P3 B per P, -unit tax D E P2 F H Demand Q2 Quantity

A: Produce Surplus can be defined as the surplus earned by the producers in the market. It is the…

Q: Suppose a senator introduces a bill to legislate a minimum hourly wage of $8. This type of price…

A: The equilibrium is obtained at the intersection point of the market supply curve and the market…

Q: On the Virus island the inverse demand function for masks is given by the formula P=360-Q, where P -…

A: We know that price is determined by the market forces demand and supply curve at its intersection at…

Q: Demand for apples is given by the function P=50-4q while supply is given by P=10+q. If a per-unit…

A: The equilibrium is the point where demand is equal to supply. Before tax equilibrium: 50 – 4q = 10 +…

Q: Use the following equations to answer the question below: Pd = 800 - 2Q and Ps = 200 + Q (a) Find…

A: Demand and supply forces in the market interact to give the equilibrium price and quantity. The…

Q: A price ceiling is intended to benefit which group of people? consumers   producers   The…

A: Answer to the question is as follows:

Q: The market price will _______ when the tax is implied on the commodity

A: A tax refer to a legally set fee by the local or central government on economic entities with the…

Q: Suppose bread is subsidized in a small Caribbean nation with a high percentage of citizens who live…

A: Subsidy to sellers reduces the cost of production. This encourages sellers to increase production.…

Q: Given a market model as follow: Q1 = a – bP + eP2 - fP3 (a, b,e, f > 0) (c, d, g,h > 0) (1) (2) Q1 =…

A: In the market model, we have two equations. One denotes he equation for the quantity demanded in the…

Q: Suppose the market for product X is described by the following equations. QD=600-2P and QS= -150+3P,…

A:

Q: subsidy

A: ‘Subsidy’ is a payment usually made in cash directly or indirectly by the govt to a firm or the…

Q: A tax on of $1 per kg on the buyers of sugar will cause Select one: a. the demand curve to shift…

A: A tax on sellers or buyers would lower the surplus earned by both buyers and sellers. This in turn…

Q: Suppose demand and supply for services of surgeons in Australia each day are given below, where…

A: Producer surplus is the difference between the price that the producer actually gets and the price…

Q: The government of a small country is considering the introduction of a unit subsidy on the…

A: Equilibrium is achieved at a point where demand is equal to supply. Price elasticity of demand…

Q: Suppose producers bear most of the burden of a specific tax of 20 cents on staplers. Which ONE…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Suppose the government imposes a $10 per unit tax on a good with a demand and a supply depicted in…

A: An excise tax is a per unit tax on commodity.

Q: Analyze with the help of a graph how an export subsidy affects the terms of trade of the country…

A: Export subsidy refers to the subsidy given to the domestic traders to encourage export of goods.…

Q: please plot a graph showing the effect of a government subsidy on the market for surgical masks.

A: The amount given by the government to the producer is known as a subsidy. The main aim of subsidy is…

Q: thousand workers. In this market, the equilibrium hourly wage is $ , and the equilibrium quantity of…

A: Answer: (1). In this market, the equilibrium hourly wage is $10, and the equilibrium quantity of…

Q: Market demand for Mandrake roots is given by Q=472-4P and market supply is given by Q=3P. The…

A: Market demand  Qd=472-4P Market supply Qs=3P Tax per unit =$10

Q: From time to time, Congress has raised the minimum wage. Some people suggested that a government…

A: LS=10w LD=90-10w

Q: . Explain why economists usually oppose price control

A: Price control is one type of restriction on the price(P) of goods in the market. A particular…

Q: Which of the following results from a subsidy? Select one: O a. world output is increased

A: Subsidy is provided by the government to save the exporter from the low world prices. The subsidy…

Q: The inverse supply function for pizza is: pS = 4 + QS The inverse demand function for pizza is: pD =…

A: Given data, Supply function, Ps=4+Qs Demand function, Pd=10-Qd There is a tax of $2 on production

Q: Market for Internet Quantity Quantity Price ($ per Demanded Supplied (units month) (units per per…

A: Initially the demand is measured on X axis and supply is measured on y axis . The equilibrium is…

Q: give an explanation to the following statements:   The higher the elasticity of supply in the…

A: The supply elasticity is the ratio of the percentage change in quantity supplied to the percentage…

Q: The supply of book is perfectly elastic at a price of 200. The demand curve of consumer is given by…

A: # we are given the demand function as: Q = 30000000 - 125000P  # Supply function given as:  P = 200…

Q: tormation = 240 - SP where Q is the quantity demanded, O is the quantity supplied and P is the price…

A: After the imposition of tax price paid by consumer increases whereas price received by producer…

Q: iven the following information QD = 240-5P QS= P Where QD is the quantity demanded, Qs is the…

A:

Q: *You must show your work. Consider a competitive market with the following market supply and demand…

A: The demand and supply functions are given by,  PD = 95 - 0.05QPS = 1.5 + 0.65Q (a) In a competitive…

Q: Discuss and provide two examples of how subsidies can be economically harmful.

A: A subsidy is a monetary, grant, or tax break provided by the government to individuals or…

Q: example of subsidy in the philippines

A: if government want to increase social welfare then as a transfer payment it will help them, it will…

Q: if the governement would like to induce a consumer to consumer a specific level of some good. which…

A: Figure 1 illustrates the impact of subsidy to consumer and the money value of the subsidy.

Q: The market for Commodity A is competitive.   The demand curve for Commodity A is: Q = 65 - 2 P.…

A: Subsidy is imposed on producers to encourage production. This increases the price received by…

Q: n 2014, the U.S. House of Representatives approved a new farm bill establishing the Margin…

A: We have given the following information

Q: Q. 30 Consider the following model where S is subsidy given to consumers by the government. Y =…

A: In every economy, there are various entities which conducts various activities, ranging from the…

Q: Suppose a university has 5,000 parking spaces. Show by a supply and demand diagram which side of the…

A: The supply curve determines the quantity that the suppliers are willing to supply at a given price.…

Q: The difference between a tax and a subsidy is when the government places a tax on the producers of a…

A: We have to find tax and subsidy .

Q: Given a market model as follow: (a, b, e, f > 0) (c, d, g,h > 0) (1) Q1 = a – bP1 + eP2 - fP3 (2) Q1…

A: Given  Q1=a-bP1+eP2-fP3     ........... (1)Q1=-c+dP1-gT+hS     ........... (2) We have given two…