Is It Possible for Sellers to Benefit More Than Consumers

question 9

Multiple Choice

Is it possible for sellers to benefit more than consumers from a subsidy to buyers?

• A)Yes,if the sellers need it more.
• B)Yes,if the supply curve is relatively less inelastic than the demand curve.
• C)Yes,if the supply curve is relatively more inelastic than the demand curve.
• D)Producers can never benefit more than buyers from a subsidy to buyers.

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Definitions:

Acquire

To gain possession or control of something, often through effort or skill.

Nonconscious Processes

Mental processes occurring outside of and not available to conscious awareness.

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct answer to a problem.

Subconscious Processes

Mental processes occurring outside of conscious awareness but accessible to consciousness when necessary.