The Benefit of a Subsidy Will Go Primarily to Buyers

question 222

Multiple Choice

The benefit of a subsidy will go primarily to buyers when the

• A) demand for the product is highly inelastic and supply is relatively elastic.
• B) demand for the product is highly elastic and the supply is relatively inelastic.
• C) subsidy is legally (statutorily) granted to the seller of the product.
• D) subsidy is legally (statutorily) granted to the buyer of the product.

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Definitions:

Sense of Belonging

A feeling of being accepted and included within a group, community, or environment, contributing to one's emotional well-being and identity.

Determinant of Health

A factor that influences an individual's physical, social, and mental health and well-being.

Met Safety Needs

Refers to the fulfillment of the second level of Maslow's hierarchy of needs, which includes security and protection from physical and emotional harm.

Satisfied Affiliation Needs

A psychological condition in which an individual's need for social relationships and connections with others is fulfilled.