A subsidy to buyers has been placed on the market in the graph shown. What is the amount of the subsidy per unit of this good?
A. $22
B. $6
C. $16
D. $10
Answer: C
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To successfully price discriminate, a firm must ensure that there are no opportunities for arbitrage
Indicate whether the statement is true or false
If demand is perfectly inelastic,
a. the percent change in quantity demanded divided by the percent change in price is zero b. the demand curve is a vertical line c. supply is perfectly inelastic too d. consumers have power over prices e. the percentage change in price divided by the percentage change in quantity demanded is zero
A good that is most likely to be in the producer price index is:
A. passenger cars. B. gasoline. C. light trucks. D. All of these are in the PPI.
Positive economic analysis is said to be
A) true. B) always accurate. C) value-laden. D) objective.