-Refer to the Information Above to Answer This Question

question 38

Multiple Choice

-Refer to the information above to answer this question.What will be the equilibrium price and quantity if a $2 per unit subsidy is granted on this product?

• A)$11 and 40.
• B)$10 and 90.
• C)$9 and 80.
• D)$9 and 70.
• E)$7 and 40.

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Definitions:

Pure Comparative

A legal principle of negligence law allowing a plaintiff to recover a percentage of damages even if they are partially at fault, with compensation reduced by their percentage of fault.

Modified Comparative

A legal doctrine used in some jurisdictions for determining damages and liability based on the degree of fault of each party.

Assumption Of Risk

A legal doctrine that a person may not recover for an injury received when they voluntarily expose themselves to a known danger.

Voluntarily

Voluntarily refers to actions taken out of one's own free will without coercion or obligation from external forces.