Price per dozen Dozens of doughnuts Dozens of doughnuts
demanded supplied
$5.00 12,000 24,000
4.25 15,000 21,000
3.50 18,000 18,000
2.75 21,000 15,000
2.00 25,000 10,000
11. Suppose, instead, that a subsidy of $1.50 per dozen is given by the government to
producers. What is the new
price?
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