-In the Above Figure, If a Subsidy Is Granted to Producers

question 97

Multiple Choice

-In the above figure, if a subsidy is granted to producers that generates an efficient allocation of resources, then consumers will pay a price of

• A) $20 per unit.
• B) $15 per unit.
• C) $10 per unit.
• D) $5 per unit.

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Definitions:

Zeitgeber

An external or environmental cue, such as light or temperature, that helps regulate the biological rhythms of an organism.

Potent

Having a strong effect or powerful influence.

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, which can be perceived by the human eye.

Zeitgeber

External or environmental cue that synchronizes an organism's internal body clock to the 24-hour day and night cycle, such as light.