Supply function given by equation qs 3p - 50 write an, Ask an Expert

Economics

Supply function given by equation QS = 3P - 50. Write an equation proposals if:

a) Government introduces subsidies of 5 $ per unit;

b) the government introduced subsidies of 15% of the price of the goods;

c) the government increases taxes 2 $ per unit of product;

d) the government introduced a tax of 20% on the price of the goods.

Construct appropriate graphs.

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Microeconomics, Economics

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