Multiple Choice
-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
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