The document discusses adjusting the supply curve to align with the social cost curve by implementing a tax of $30 per unit. It also touches on the implications of subsidies on consumer and producer surplus. The focus is on the economic effects of these adjustments.
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surplus
The document discusses adjusting the supply curve to align with the social cost curve by implementing a tax of $30 per unit. It also touches on the implications of subsidies on consumer and producer surplus. The focus is on the economic effects of these adjustments.