Which of the Following Is a True Statement Regarding the Economic

question 258

Multiple Choice

Which of the following is a true statement regarding the economic impact of a subsidy?

• A) The distribution of the benefits from a subsidy will depend on whether the subsidy is legally granted to the buyer or seller.
• B) When demand is relatively inelastic, the benefits of a subsidy will mainly accrue to sellers.
• C) When supply is relatively elastic, the benefits of a subsidy will mainly accrue to buyers.
• D) When demand is relatively elastic, the benefits of a subsidy will mainly accrue to buyers.

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