Consider the accompanying figure to answer the questions that follow.

-Refer to the accompanying figure.The market for college degrees is currently in equilibrium at point A,and the government decides to subsidize the cost of a college education by offering grants to students.The new socially optimal equilibrium will be at point: 
A) R.
B) W.
C) T.
D) U.
E) V.
Correct Answer:
Verified
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