The Graphs Below Refer to Two Separate Product Markets

question 130

Multiple Choice

The graphs below refer to two separate product markets.Assume that society's optimal level of output in each market is Q₀ and that government purposely shifts the market supply curve from S to S₁ in diagram (a) and from S to S₂ in diagram (b) .The shift of the supply curve from S to S₁ in diagram (a) might be caused by a per unit:

• A)subsidy paid to the producers of this product.
• B)tax on the producers of this product.
• C)subsidy paid to the buyers of this product.
• D)tax on the buyers of this product.

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Definitions:

Fever

An increase in body temperature above the normal range, usually indicating an underlying infection or disease.

Palpation

A method in physical examination where the hands are used to feel body parts to detect abnormalities.

Percussion

A diagnostic technique used by healthcare providers involving tapping on the body's surface to evaluate the size, consistency, and borders of internal organs.

Auscultation

The act of listening to the internal sounds of the body, typically using a stethoscope, as a diagnostic method, especially in the examination of the heart and lungs.