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The supply of and demand for solar panels are given by Qˢ = 5P – 5,000 and Qᵈ = 15,000 – 5P, respectively, where P is price per solar panel, and Q is the quantity of solar panels. Suppose the government provides a $500 subsidy per solar panel. Before the subsidy, consumers pay a price of ____, and after the subsidy, consumers pay a price of ____

Sagot :

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