A Subsidy

question 7

Multiple Choice

A subsidy:

• A) has the exact same impact on the quantity exchanged as a tax.
• B) has a larger impact on the quantity exchanged than a tax of the same amount.
• C) has a smaller impact on the quantity exchanged than a tax of the same amount.
• D) has the exact opposite impact on the quantity exchanged than a tax of the same amount.

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Definitions:

Peaked

Describes a distribution that has a sharper or higher peak compared to a normal distribution.

Grouped Frequency Distribution

A method in statistics for organizing data into intervals or groups to display the frequencies of observations within each group.

Intervals

Segments between two points on the number line, often used to specify ranges of values for variables or data.

Equal Size

A condition or record in which groups or data sets have an identical number of elements.