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The domestic steel industry competes with imported steel from the country of Tucumcari. Assume that the government of Tucumcari increases subsidies to its steel industry. Use a supply and demand graph to illustrate the impact of the subsidies on the wage and quantity of workers in the market for steel workers in Alpha.
Solution: In this case since the subsidy is given to the steel industry, the demand for labourers increases. As a result the demand curve shifts to the right. The situation has been in the diagram below: Here, W0 is the wage rate that labourers were receiving inititally. After the increase in…

, the sellers have to pay w as the wage rate and the labourers get W’ as the wage rate. Initially Q0 was the quantity of labours, and after the subsidy the quantity of labourers increases to Q’

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