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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The Answer of 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.

The Supply and Demand for Solar Panels Are Given by QS

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