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Diagram 5 Subsidy PW+s pwl a PA- ???? For Question 23, 24 and 25: please refer to Diagram 5 Question 23 What is the quantity of imports before and after the subsidy? 4 Points Before: Q4-Q2; after: Q3-Q2 Before: Q3-Q2; after: Q4-Q2 There are no imports in this economy; the economy is exporting Q3-Q2 before the subsidy, Q4-Q2 after the subsidy There are no imports in this economy; the economy is exporting Q4-Q2 before the subsidy, Q3-Q2 after the subsidy Question 24 What is the change in consumer surplus due to the subsidy? 4 Points -(a+b+c) -(a+b) -a 0 Question 25 What is the change in producer surplus due to the subsidy? 4 Points +(a+b+c) +(a+b) +a 0

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