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-In the Above Figure,if a Medicare Subsidy That Had Previously P0\mathrm { P } _ { 0 }

Question 32

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  \mathrm { P } _ { 0 }  to  \mathrm { P } _ { \mathrm { s } }  . B) a decrease in the price received by producers,from  \mathrm { P } _ { \mathrm { s } }  to  \mathrm { P } _ { 0 }  . C) an increase in the price paid by consumers,from  \mathrm { P } _ { 0 }  to  \mathrm { P } _ { \mathrm { s } }  . D) a decrease in the price paid by consumers,from  \mathrm { P } _ { \mathrm { s } }  to  \mathrm { P } _ { 0 }  .
-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 P0\mathrm { P } _ { 0 } to
Ps\mathrm { P } _ { \mathrm { s } } .
B) a decrease in the price received by producers,from Ps\mathrm { P } _ { \mathrm { s } } to
P0\mathrm { P } _ { 0 } .
C) an increase in the price paid by consumers,from P0\mathrm { P } _ { 0 } to
Ps\mathrm { P } _ { \mathrm { s } } .
D) a decrease in the price paid by consumers,from Ps\mathrm { P } _ { \mathrm { s } } to
P0\mathrm { P } _ { 0 } .

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