(Scenario: Freedonian Exports) in the Small Country of Freedonia, the Domestic

question 87

Multiple Choice

(Scenario: Freedonian Exports) In the small country of Freedonia, the domestic demand for widgets is represented by P = 100 - 3Q; the domestic supply of widgets is represented by P = 1Q. Calculate the value of the deadweight losses associated with the $15 per unit export subsidy.

• A) $37.50
• B) $75.00
• C) $112.50
• D) $150.00

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