Question 4 (0.5 points) 15 Demand + Subsidy 14 13 12 11 Demand MB = 10 9 Price 6543210 Supply = MC 0 10 20 30 40 10 Quantity 50 50 Using the graph above, calculate total surplus when the consumers are given a $5 subsidy. $400 $200 $450 $550

ENGR.ECONOMIC ANALYSIS
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Question 4 (0.5 points)
15
Demand + Subsidy
14
13
12
11
Demand MB
=
10
9
Price
6543210
Supply = MC
0
10
20
30
40
10
Quantity
50
50
Using the graph above, calculate total surplus when the consumers are given a $5
subsidy.
$400
$200
$450
$550
Transcribed Image Text:Question 4 (0.5 points) 15 Demand + Subsidy 14 13 12 11 Demand MB = 10 9 Price 6543210 Supply = MC 0 10 20 30 40 10 Quantity 50 50 Using the graph above, calculate total surplus when the consumers are given a $5 subsidy. $400 $200 $450 $550
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