Consider a perfectly competitive market with inverse market supply and inverse market demand Suppose the government subsidizes this market with a subsidy of $5 per unit.What is the increase in consumer surplus resulting from the subsidy?
A) 17
B) 19
C) 21
D) 23

Question

Consider a perfectly competitive market with inverse market supply  and inverse market demand  Suppose the government subsidizes this market with a subsidy of $5 per unit.What is the increase in consumer surplus resulting from the subsidy?
A) 17 
B) 19 
C) 21 
D) 23

Quizplus · Accepted Answer

The Answer of Consider a perfectly competitive market with inverse market supply  and inverse market demand  Suppose the government subsidizes this market with a subsidy of $5 per unit.What is the increase in consumer surplus resulting from the subsidy?
A) 17 
B) 19 
C) 21 
D) 23

Consider a Perfectly Competitive Market with Inverse Market Supply