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
to
.
B) a decrease in the price received by producers, from
to
.
C) an increase in the price paid by consumers, from
to
.
D) a decrease in the price paid by consumers, from
to
.
Correct Answer:
Verified
Q311: Government spending as a percent of national
Q317: Q318: Q320: Over the past 40 years, there has Q330: Economically speaking, the design of Medicare Q331: The economic problem with Medicare financing is Q332: Medicare Q337: Education in the United States is Q339: Which of the following is NOT a Q340: What is one result of the Medicare![]()
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A) encourages
A) subsidizes the care of older people,
A)subsidized mainly
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