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The Supply and Demand for Solar Panels Are Given by QS

Question 24

Essay

The supply and demand for solar panels are given by QS = 5P - 5,000 and QD = 15,000 - 5P, where P is price per solar panel and Q measures the quantity of solar panels. Suppose the government provides a $500 subsidy per solar panel. The supply and demand for solar panels are given by Q<sup>S</sup> = 5P - 5,000 and Q<sup>D</sup> = 15,000 - 5P, where P is price per solar panel and Q measures the quantity of solar panels. Suppose the government provides a $500 subsidy per solar panel.

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