The Supply and Demand for Solar Panels Are Given by Q^S

question 37

Multiple Choice

The supply and demand for solar panels are given by Q^S = 5P - 5,000 and Q^D = 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 total cost of the subsidy to the government is:

• A) $2,500,000.00.
• B) $7,800,000.00.
• C) $3.125,000.00.
• D) $4,500,000.00.

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Definitions:

Endocrine System

A network of glands in the body that secretes hormones directly into the circulatory system to regulate various bodily functions.

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, including the brain, spinal cord, and peripheral nerves.

Hypothalamus

The hypothalamus is a crucial region of the brain involved in hormone production, regulation of body temperature, hunger, thirst, sleep, and emotional activity.

Cerebellum

A part of the brain located at the back of the skull, crucial for coordination, precision, and accurate timing of movements.