Use the Figure Below to Answer the Following Question(s)

question 120

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 4-13
-Refer to Figure 4-13. The supply curve S and the demand curve D₁ indicate initial conditions in the market for flu shots. A new government program is implemented that grants buyers a $25 subsidy when they buy a flu shot, shifting the demand curve from D₁ to D₂. Which of the following is true for this subsidy given the information provided in the figure?

• A) The original price of a flu shot was $75, and after the subsidy, it rises to $90.
• B) $65 represents the net price a buyer must pay for a flu shot after taking into account the subsidy payment.
• C) Buyers of flu shots will receive an actual benefit of $10 from the subsidy, while sellers of flu shots will receive an actual benefit of $15 from the subsidy.
• D) All of the above are true.

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