In a rural area, the fare for a bus journey is $5. To improve local transport, the government provides bus firms with a subsidy of $2 per journey. The diagram shows the possible changes in demand and supply. What is the new quantity of journeys and the bus fare for a journey?
- Aquantity of journeys 950; bus fare $3
- Bquantity of journeys 950; bus fare $7
- Cquantity of journeys 1050; bus fare $4
- Dquantity of journeys 1050; bus fare $6