Answer the question on the basis of the following demand and supply data for a competitive market: $\begin{array}{c}
\begin{array}{ccc}
\text { Quantity Demanded } & \text { Price } \
\hline
1,500 & \$ 10 \
2,000 & 9 \
2,500 & 8 \
3,000 & 7 \
3,500 & 6\
\end{array}
\begin{array}{c}
\text{Quantity Supplied}\
\hline
3,500 \
3,000 \
2,500 \
2,000 \
1,500
\end{array}
\end{array}$ Refer to the given data.If government provides a per-unit subsidy of $2 to suppliers of this product,equilibrium price and quantity would be:

Question

Answer the question on the basis of the following demand and supply data for a competitive market: $\begin{array}{c}
\begin{array}{ccc}
\text { Quantity Demanded } &  \text { Price } \
\hline
1,500 & \$ 10 \
2,000 & 9 \
2,500 & 8 \
3,000 &  7 \
3,500 &  6\
\end{array}
\begin{array}{c}
\text{Quantity Supplied}\
\hline
3,500 \
3,000 \
2,500 \
2,000 \
1,500
\end{array}
\end{array}$ Refer to the given data.If government provides a per-unit subsidy of $2 to suppliers of this product,equilibrium price and quantity would be:

Quizplus · Accepted Answer

The Answer of Answer the question on the basis of the following demand and supply data for a competitive market: $\begin{array}{c}
\begin{array}{ccc}
\text { Quantity Demanded } &  \text { Price } \
\hline
1,500 & \$ 10 \
2,000 & 9 \
2,500 & 8 \
3,000 &  7 \
3,500 &  6\
\end{array}
\begin{array}{c}
\text{Quantity Supplied}\
\hline
3,500 \
3,000 \
2,500 \
2,000 \
1,500
\end{array}
\end{array}$ Refer to the given data.If government provides a per-unit subsidy of $2 to suppliers of this product,equilibrium price and quantity would be:

Answer the Question on the Basis of the Following Demand