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  • The subsidy is $1 per loaf of bread and the equilibrium output to 25,000 loaves.  The benefit of the subsidy is shared equally by producers and consumers, so both consumers and producers each receive 0.50p x 25,000 loaves i.e. $12,500 
  • hello, please can you explain f(i) and f (ii)? as I am confused about those calculations, also I  have only ever seen questions asking for the change in consumer surplus or producer surplus but not the consumer or producer benefit? thank...
  • 9 May 2024
    Mark Johnson
    Mark scheme Q5 unit 3.2
    Can you send a screenshot image Rhianna, I have just tried the link again and it works on my computer.
  • 9 May 2024
    Rhianna James
    Mark scheme Q5 unit 3.2
    the image of the broken pdf file and lines of text