The More Inelastic the Demand for a Product, the More

question 209

Multiple Choice

The more inelastic the demand for a product, the more likely that the actual benefit of a subsidy granted on the product will

• A) go to sellers.
• B) go to buyers.
• C) go equally to both buyers and sellers.
• D) do none of the above.

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Definitions:

Report Card

A document summarizing a student's performance academically over a specific period, usually including grades or marks.

Negative Reinforcement

A behavioral concept where the removal of an adverse stimulus strengthens a desired behavior or response.

Pleasant Stimulus

Any event, object, or situation that causes a positive emotional response.

Unpleasant Stimulus

refers to any object, event, or situation that is undesirable or causes discomfort, leading to avoidance behavior in individuals.