
Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
Edition 6ISBN: 978-1133708735
Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
Edition 6ISBN: 978-1133708735 Exercise 8
In Figure 1,a positive externality was corrected with a $30,000 subsidy paid to students. Draw a diagram to show that the total price paid by students,the total price received by colleges,and the equilibrium quantity of degrees would have been exactly the same if the $30,000 subsidy per student had been given to colleges instead.
Figure 1

Figure 1

Explanation
When the subsidy is granted to the stude...
Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman
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