3. Consider a free market with demand equal to Q = 1,200 – 10P and supply equal to Q = 20P. A.   What is the value of consumer surplus? What is the value of producer surplus? What is the total surplus? B.   Now the government imposes a $10 per unit subsidy on the production of the good. What is the consumer surplus now? The producer surplus? Why there is a deadweight loss associated with the subsidy, and what is the size of this loss

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