Suppose Australia’s gover

Suppose Australia’s gover

Suppose Australia’s government gives each of its citizens a subsidy card.  Each time these citizens go to see a domestically made film, they swipe their card to get a $4 discount off of the price of a ticket.Before the subsidy, the price of a movie ticket is $6, and the quantity is 15 million tickets per year.After the domestic movie subsidy, the price a movie theater receives is ______, and the price paid by customers is ______.  The subsidy program costs Australia’s government ________.This graph represents the market for domestically made films in Australia without any subsidy.I believe the graph representing the subsidy would look like this:Which would put the answers to my question as followed:After the domestic movie subsidy, the price a movie theater receives is __$6__, and the price paid by customers is __$2__.  The subsidy program costs Australia’s government ___$60 million___.However when I go to answer my question the options given to me for Austrailia’s subsidy cost is:$40 million$80 million$120 million$160 millionWould somebody please help me with this question, and explain the answer?

%d bloggers like this: