Examlex
Which pathway(s) can act as a powerful amplifier of the other pathways?
Subsidy Benefit
Financial support provided by the government or an organization to reduce the cost of goods or services for the end-user.
Inelastic Supply
A situation where the quantity supplied of a good does not change significantly when its price changes.
Elastic Supply
The responsiveness of the quantity supplied of a good or service to a change in its price, with a high elasticity indicating that supply can adjust quickly to price changes.
Subsidy
A financial contribution provided by the government to support or promote a particular economic activity or sector.
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