When a Third Party Pays a Larger and Larger Share

question 215

Multiple Choice

When a third party pays a larger and larger share of the purchasing price of a good, economic theory indicates that the

• A) demand for the good will decline.
• B) consumers of the good will have less and less incentive to economize on its use.
• C) suppliers of the good will have a stronger incentive to provide the good at low prices.
• D) prices of the good will tend to decline with the passage of time.

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