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Question 9

Multiple Choice

Use the following to answer questions:
Figure: Demand and Supply with Subsidy Use the following to answer questions: Figure: Demand and Supply with Subsidy -(Figure: Supply and Demand with Subsidy) Refer to the figure. Suppose a subsidy allows sellers to receive their product at the price of $8 with a quantity of 400 units. What is the dollar amount of the subsidy per unit of the good? A) $1 B) $6 C) $2 D) $100
-(Figure: Supply and Demand with Subsidy) Refer to the figure. Suppose a subsidy allows sellers to receive their product at the price of $8 with a quantity of 400 units. What is the dollar amount of the subsidy per unit of the good?


A) $1
B) $6
C) $2
D) $100

Correct Answer:

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