(Figure: Supply and Demand with Subsidy) Refer to the Figure

question 10

Multiple Choice

(Figure: Supply and Demand with Subsidy) Refer to the figure.With a $2-per-unit subsidy, the price received by sellers is________ and the price paid by consumers is ________.

• A)$3; $2
• B)$2; $4
• C)$4; $2
• D)$3; $4

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Definitions:

Conglomerate

A large corporation composed of diverse and independent industry sectors or companies under a single corporate group.

Men's Socks

Footwear specifically designed to cover men’s feet and lower legs, typically made from various fabrics and used for warmth, comfort, and fashion.

Webb-Pomerene Act

A 1918 U.S. federal law that allows certain export business activities to be exempt from antitrust laws, enabling American exporters to combine into associations to promote their foreign trade.

Joint Export Activities

Collaborative efforts among businesses or organizations to export goods and services to international markets.