In the Above Figure,if a Medicare Subsidy That Had Previously

question 304

Multiple Choice

In the above figure,if a Medicare subsidy that had previously been paid by the government has now been eliminated,the result will be

• A)an increase in the price received by producers,from to .
• B)a decrease in the price received by producers,from to .
• C)an increase in the price paid by consumers,from to .
• D)a decrease in the price paid by consumers,from to .

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Definitions:

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