Examlex
If the price of an inferior good rises, the income effect will result in households buying ________ of the good and the substitution effect will result in households buying ________ of the good.
Taxpayer-Subsidized
Financial support provided by the government to individuals or organizations, funded by taxpayers.
Price-Support Program
Government policies designed to maintain the price of a commodity at a certain level through subsidies or purchase of the market surplus.
Price Supports
Government interventions to maintain the market price of a commodity at a certain level to protect producers from market fluctuations.
Price Floor
A government or regulatory-imposed minimum price for a commodity or service, intended to prevent the market price from falling below a certain level.
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