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Use the following information to answer the next 2 questions. The below diagram represents the market for pairs of shoes. Suppose that the government provides consumers with a $40 subsidy per pair of shoes that they purchase. $/Pair $100... B G $80+ HO Н IN S60 E J 2,000 3,000 4,000 Pairs 26. What is the total expenditure by the government on the shoe subsidy? (a) $40,000. (b) $160,000. (c) $80,000. (d) $16,000.
Use the following information to answer the next 2 questions. The below diagram represents the market for pairs of shoes. Suppose that the government provides consumers with a $40 subsidy per pair of shoes that they purchase. $/Pair $100... B G $80+ HO Н IN S60 E J 2,000 3,000 4,000 Pairs 26. What is the total expenditure by the government on the shoe subsidy? (a) $40,000. (b) $160,000. (c) $80,000. (d) $16,000.
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Hubert KochLv2
19 Sep 2018