Refer to the Internet Service market above. S1 and D show the original equilibrium. S2 shows the impact of a subsidy to internet service providers. What is the size of the total subsidy payment? Group of answer choices

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter5: Buying The Necessities
Section5.2: Cloting Choices
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Refer to the Internet Service market above. S1 and D show the original equilibrium. S2 shows the impact of a subsidy to internet service providers. What is the size of the total subsidy payment?

Group of answer choices
$80
$60
$42000
$28000
Price
$80
$60
$20
Internet service
500
S1
S2
D
700 Quantity
Transcribed Image Text:Price $80 $60 $20 Internet service 500 S1 S2 D 700 Quantity
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Publisher:
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