Suppose the county government sends each parent a coupon that can be used to subsidize the cost of sending each child to daycare. What would you expect to occur in the market for daycare services?
A subsidy given to consumers acts as an increase in income. Demand for daycare rises, raising the price of daycare.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: Suppose the county government sends each parent a coupon that can be used to subsidize the cost of sending each child to daycare. What would you expec .... aycare services? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 20-4030.