-Refer to the above figure. In the absence of a subsidy, A) Qd would be demanded and would be supplied. B) the price P_d would be charged and quantity demanded. C) the quantity Q_o and price P_o would prevail in the market. D) None of the above is correct.

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The Answer of -Refer to the above figure. In the absence of a subsidy, A) Qd would be demanded and would be supplied. B) the price P_d would be charged and quantity demanded. C) the quantity Q_o and price P_o would prevail in the market. D) None of the above is correct.

-Refer to the Above Figure