Refer to the given data. If government provides a per-unit subsidy of $2 to suppliers of this product, equilibrium price and quantity would be:



A.  $9 and 3,000.

B.  $7.50 and 2,250.

C.  $8.50 and 2,750.

D.  $7 and 3,000.

D.  $7 and 3,000.

Economics

You might also like to view...

If the price of a good changes but everything else influencing suppliers' planned sales remains constant, there is a

A) new supply curve that is to the right of the initial supply curve. B) new supply curve that is to the left of the initial supply curve. C) movement along the supply curve. D) rotation of the initial supply curve around the initial price.

Economics

In recent years, which of the following has comprised less than 5% of GDP?

A) imports B) exports C) net exports D) none of the above

Economics