tokyo45
tokyo45 tokyo45
  • 30-01-2022
  • Social Studies
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what effect does subsidies on production have on gdp at basic prices​

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gamerthrebeast
gamerthrebeast gamerthrebeast
  • 31-01-2022

Answer: Marginal production subsidies will shift the supply curve to the right until the vertical distance between the two supply curves equals the per unit subsidy; when all else is equal, this will decrease the price paid by consumers (which is equal to the new market price) and increase the price received by producers.

Explanation: knowledge!

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