When Government Gives a Subsidy to Buyers of Good X

question 42

Multiple Choice

When government gives a subsidy to buyers of good X, the benefits of the subsidy flow to

• A) the buyers of good X only.
• B) the sellers of good X only.
• C) the buyers and sellers of good x equally.
• D) both the buyers and sellers of good x, and the distribution of the benefits will be dependent on the elasticity of demand and the elasticity of supply.

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Definitions:

Achievers

Individuals or groups known for successfully reaching goals or accomplishing tasks.

Career Choice

The process of deciding on a path or specific occupation to pursue as one's profession.

Peer Group

A group of individuals, usually of similar age, background, or social status, who associate with each other and may exert influence on one another.

Common Interest

A shared concern or passion among a group of individuals, which often serves as a basis for communal activities or discussions.