ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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
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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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