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Answer to Question #146616 in Economics for deni

Question #146616
Using a demand and supply diagram, analyse the effect on the market for petrol if a
subsidy on petrol is removed.
1
Expert's answer
2020-11-27T12:47:50-0500

if a subsidy on petrol is removed, then the market will be in equilibrium without any surplus or shortage, in equilibrium point Qd = Qs.


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