The Graph Shown Portrays a Subsidy to Buyers

question 25

Multiple Choice

The graph shown portrays a subsidy to buyers. With the subsidy, sellers sell _______ units, and the post-subsidy price received for each one is _______.

• A) 100; $46
• B) 100; $30
• C) 150; $40
• D) 150; $24

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Definitions:

Enforceable Contract

A legal agreement between parties that is valid under the law and can be upheld in a court of law if breached.

Regular Delivery

A standard or expected schedule for the distribution of goods or messages.

Present Intent To Contract

The current intention of parties to form a contract, which is necessary for establishing a binding agreement.

Code's Standards

Specific guidelines or rules within a legal, regulatory, or institutional framework that dictate the minimum acceptable levels of safety, ethics, or performance.