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Per-unit subsidy of producers of tonsillectomies

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Consider a government per-unit subsidy of producers of tonsillectomies and cosmetic surgery. Assume that currently each procedure has the same price and sales (e.g. 100,000 @ $4,000 or some such number). Analyze the likely effects of the subsidy. What are the demand curves likely to be: elastic or inelastic? The cost of each subsidy, etc.

Reference no: EM133132486

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