-In the Above Figure, If a Medicare Subsidy That Had

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 P0 to Ps.
B) a decrease in the price received by producers, from Ps to P0.
C) an increase in the price paid by consumers, from P0 to Ps.
D) a decrease in the price paid by consumers, from Ps to P0.