Given: an inverse demand equation of P = 50 - 0.5Q,  inverse supply equation of P = 0.333Q,  a. What is the Consumer Surplus, Producer Surplus, and Total surplus after giving a subsidy of 10 (s=10) to sellers (inverse supply equation with subsidy: P = 0.333Q - s)? Calculate and illustrate through a graph. (TS after the subsidy - cost of subsidy) b. What happened to the CS, PS and TS after subsidy? Did it result to Deadweight Loss?

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