3. Use the graph and the inverse demand equation (P=50 - .5Q), inverse supply equation (P=0.333Q) with a subsidy of s=10 given to sellers instead of a tax. The inverse supply equation with the subsidy is (P = 0.333Q –s):      a. Illustrate and calculate CS, PS and TS after the subsidy (TS after the subsidy – cost of subsidy)     b. Explain what happens to CS, PS and TS with the subsidy. Did the subsidy result to DWL?

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