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consider a competitive markket with linear demand and supply curves. if the subsidy of $1 per unit causes the volume of trade increases by 50 units relative to equilibrium, then the deadweight loss caused by subsidy is equal to

consider a competitive markket with linear demand and supply curves. if the subsidy of $1 per unit causes the volume of trade increases by 50 units relative to equilibrium, then the deadweight loss caused by subsidy is equal to

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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consider a competitive markket with linear demand and supply curves. if the subsidy of $1 per unit causes the volume of trade increases by 50 units relative to equilibrium, then the deadweight loss caused by subsidy is equal to
Transcribed Image Text:consider a competitive markket with linear demand and supply curves. if the subsidy of $1 per unit causes the volume of trade increases by 50 units relative to equilibrium, then the deadweight loss caused by subsidy is equal to
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