Answer :
The subsidy wedge between buyers and sellers in the given figures is 34, where buyers pay 34 units more than what sellers receive.
How can we calculate the subsidy amount in each transaction?
The subsidy wedge represents the difference between what buyers pay and what sellers receive in a transaction. To calculate the subsidy amount, we subtract the price received by the sellers from the price paid by the buyers.
Let's take the first transaction as an example: 55:59. In this case, the buyers pay 55 units, and the sellers receive 59 units. The subsidy amount can be calculated as follows:
Subsidy amount = Price paid by buyers - Price received by sellers
= 55 - 59
= -4
The negative value indicates that buyers are paying 4 units less than what sellers are receiving, implying a subsidy from the sellers to the buyers.
Similarly, we can calculate the subsidy amount for the other transactions using the same formula.
Learn more about subsidy wedge
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