Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWL Based on the following functions, compute for the: Demand: P = 1200 – 4Q Supply :  P = 655 + 2Q Assume that the government provided subsidy amounting to P150 to consumers Draw the graph on item 2 Determine the new EQ

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A: Given  Demand: P= 1200-4Q Supply: P= 655+2Q

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