i need Q3 solution 3. Calculate the total benefit on consumers and the totalbenefit on producers. The government of a small country is considering theintroduction of a unit subsidy on the production of organicmeat as its consumption has been proved to have healthbenefits. The effect following the introduction of the tax isshown in the graph below.Price per pound of organic meat£28S1£24£20£17DQuantity of pounds oforganic meat8,20010,50022,000

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Answered: 3. Calculate the total benefit on…

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3. Calculate the total benefit on consumers and the total benefit on producers.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand And Government Policies

Section: Chapter Questions

Problem 10PA

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i need Q3 solution

3. Calculate the total benefit on consumers and the total
benefit on producers.

The government of a small country is considering the
introduction of a unit subsidy on the production of organic
meat as its consumption has been proved to have health
benefits. The effect following the introduction of the tax is
shown in the graph below.
Price per pound of organic meat
£28
S1
£24
£20
£17
D
Quantity of pounds of
organic meat
8,200
10,500
22,000

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