subsidy

[hly]

The table shows demand and supply schedule for rice

The marker for rice is in equilibrium.

If the government introduces a subsidy of $0.30 a box on rice, what are the prce, the marginal cost of producing rice, and quantity produce

PRICE | Q DEMAND | Q SUPPLY
1.00 | 3500 | 500
1.10 | 3250 | 1000
1.20 | 3000 |1500
1.30 | 2750 | 2000
1.40 | 2500 | 2500
1.50 | 2250 | 3000
1.60 | 2000 |3500

 

[ntvinh986]

The table shows demand and supply schedule for rice

The marker for rice is in equilibrium.

If the government introduces a subsidy of $0.30 a box on rice, what are the prce, the marginal cost of producing rice, and quantity produce

PRICE | Q DEMAND | Q SUPPLY
1.00 | 3500 | 500
1.10 | 3250 | 1000
1.20 | 3000 |1500
1.30 | 2750 | 2000
1.40 | 2500 | 2500
1.50 | 2250 | 3000
1.60 | 2000 |3500

Hi guys, Im a newbie. Nice to join this forum.

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