If the Elasticity of Supply Is Much Greater Than the Elasticity

question 118

Multiple Choice

If the elasticity of supply is much greater than the elasticity of demand,a subsidy awarded to demanders will

• A)benefit the demanders more than the suppliers
• B)benefit the suppliers more than the demanders
• C)the benefit of the subsidy will be equally shared between the demanders and the suppliers
• D)allow the demanders to be the only ones who will benefit
• E)Without more information as to the amount of the subsidy,who will benefit more can not be determined

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