subsidy
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Last updated 4:19 PM on 2/8/25
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4 Terms
1
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define it
a subsidy is a payment by the government to suppliers that reduce their cost of production to encourage increased output
2
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where is it on a diagram
new equilibrium to old supply curve
3
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benefits of the subsidy
can be shared between consumer and producer depending on the elasticity, consumer always on the bottom
4
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where is the cost of a subsidy
between the two supply curves so P3 to P1
Note 
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