(Solved): Consider the following supply and demand diagram. In this market, the government subsidizes the pr ...

Consider the following supply and demand diagram. In this market, the government subsidizes the production of this good, and the subsidy wedge is indicated. b. After the subsidy, what is the amount of consumer surplus? Consumer surplus: $$\$$$ What is the amount of producer surplus? Producer surplus: \$ What is the amount of government spending on this subsidy? Government spending: \$