(Figure: Market for Child Care) Refer to the market for child care that is shown in the figure. The original equilibrium price is $10,000. A subsidy is now introduced for parents who pay for child care. The amount of the subsidy is:
A)$9,000.
B)$2,000.
C)$1,000.
D)$11,000.

Question

(Figure: Market for Child Care) Refer to the market for child care that is shown in the figure. The original equilibrium price is $10,000. A subsidy is now introduced for parents who pay for child care. The amount of the subsidy is: 
A)$9,000. 
B)$2,000. 
C)$1,000. 
D)$11,000.

Quizplus · Accepted Answer

The Answer of (Figure: Market for Child Care) Refer to the market for child care that is shown in the figure. The original equilibrium price is $10,000. A subsidy is now introduced for parents who pay for child care. The amount of the subsidy is: 
A)$9,000. 
B)$2,000. 
C)$1,000. 
D)$11,000.

(Figure: Market for Child Care) Refer to the Market for Child