Answer to Question #143369 in Economics for Elisabeth

Question #143369

What are the costs to the government of a subsidy if the demand and supply of Chinese coal are
Qd = 60 − 0.5P.
Qs = −2 + 2P.

Expert's answer

60-0.5p=-2+2p

2.5p=63

p=24.8

Q=60-0.5*24.8

Q=47.6

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