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Lecture

subsidies.docx

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Department
Economics
Course
ECON 101
Professor
Wokia Kumase
Semester
Fall

Description
Oct 11 Subsidies ~Why government gives subsidies to producers? To encourage production of goods that bring benefits to the society. * the graph is really important!~ Market of illegal good If the penalties on sellers and buyers are the same, then the equilibrium price will remain the same and the equilibrium quantity will decrease. If the penal
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