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Answer to Question #143371 in Economics for Elisabeth
Question #143371
Calculate the gains to the consumer from the subsidy if the demand and supply of Chinese coal are
Qd = 60 − 0.5P.
Qs = −2 + 2P.
Qd = 60 − 0.5P.
Qs = −2 + 2P.
Expert's answer
60-0.5p=-2+2p
2.5p=62
p=24.8
Q=-2+2*24.8
Q=47.6
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