A government provides farmers with a subsidy of $5$ per kilo in order to supply food in the open market, where $X$ marks the original equilibrium position. The outcome is shown in the diagram. What will be the new equilibrium price and the quantity supplied after the subsidy?
- Aequilibrium price $10$, quantity supplied $16$
- Bequilibrium price $13$, quantity supplied $20$
- Cequilibrium price $15$, quantity supplied $16$
- Dequilibrium price $20$, quantity supplied $8$