- Greed kicks in because capitalism: prices rise again, maybe not back to pre-subsidy levels, but they rise.
- Subsidy gets axed: prices rise to above pre-subsidy levels.
(Note: I'm personally entirely pro "subsidize things you want more of". But that requires a stable, trustworthy government that plans on longer timescales.)
- Greed kicks in because capitalism: prices rise again, maybe not back to pre-subsidy levels, but they rise.
- Subsidy gets axed: prices rise to above pre-subsidy levels.
(Note: I'm personally entirely pro "subsidize things you want more of". But that requires a stable, trustworthy government that plans on longer timescales.)