[Solved] 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. Macro-Micro Continuum: This refers to the spectrum in sociology that connects large-scale social structures and processes (macro-level) to individual behaviors and interactions (micro-level). Forms of Sociality: Refers to the various ways in which social interactions and relationships manifest within societies, ranging from individual and small group interactions to broader societal connections. Microscopic: Pertaining to objects or processes that are too small to be seen with the naked eye, requiring a microscope for observation. Micro-Subjective Level: This refers to individual and personal perspectives and experiences within sociological or psychological research.