Which of the Following Generalizations About the Benefit of a Subsidy

question 84

Multiple Choice

Which of the following generalizations about the benefit of a subsidy is correct?

• A) The more inelastic the supply of a product, the larger the portion of the benefit will be to buyers.
• B) The more inelastic the demand for a product, the larger the portion of the benefit will be to buyers.
• C) The more elastic the supply of a product, the smaller the portion of the benefit will be to buyers.
• D) The distribution of the benefit of a subsidy is not affected by the elasticity of the supply and demand for the product for which the subsidy is granted.

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Definitions:

Angular Gyrus

A region of the brain located in the parietal lobe, implicated in processes related to language, number processing, and spatial cognition.

Visual Information

Data perceived through the eyes, processed by the visual system, and used to inform subsequent behavior or cognition.

Auditory Information

Refers to data that is received and processed through the sense of hearing, including sounds, speech, and music.

Regulating Heartbeat

The management and control of the rate at which the heart beats, typically through the autonomic nervous system and hormonal signals.