Suppose the government offers a 1 200 subsidy for each unit

Last updated: 1/20/2024

Suppose the government offers a 1 200 subsidy for each unit of the good the buyer purchases Adjust the following graph to show the effect of a government subsidy on the market for smart fridges Price Hundred Dollars 60 54 48 42 36 30 24 18 12 6 0 0 10 20 Demand Without subsidy 30 40 50 60 70 80 90 100 Quantity Thousands of fridges Demand Without subsidy