Suppose the government agrees to pay a $5 per hour subsidy per child to parents who use

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Suppose the government agrees to pay a $5 per hour subsidy per child to parents who use licensed child-care providers. Graph the effect this will have on the equilibrium quantity and price of child care in

a) the licensed child-care market and

b) the unlicensed babysitting market.

c) Show how the subsidy would be shared between licensed child-care providers and parents. What determines who benefits from the subsidy?

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Principles Of Microeconomics: The Way We Live First

ISBN: 9781000639810

1st Edition

Authors: Feigenbaum S.K., Hafer R.W.

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Question Posted: Nov 11, 2024 11:00 AM

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Suppose the government agrees to pay a $5 per hour subsidy per child to parents who use

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Principles Of Microeconomics: The Way We Live First

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