Consider the following supply and demand curves: Demand: Price = 50-3.5*Qd Supply: Price = 20+.5*Qs Suppose now a 20 dollar subsidy was placed on consumers. Given this information find the resulting subsidy bill.

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A: We are given the supply function as:  Q = 25P

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A:

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A: wage rate = $20 per hour unearned income = 100

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Q: show if completness imply transtive, and transitive imply completness prove

A: Completeness does not imply transitivity. Transitivity does not imply completeness.   Explanation:…