Is It Possible for Sellers to Benefit More Than Consumers

question 46

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 elastic than the demand curve.
• C) Yes, if the supply curve is relatively more elastic than the demand curve.
• D) Producers can never benefit more than buyers from a subsidy to buyers.

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as a percentage increase in real gross domestic product (GDP).

Nikolai Kondratiev

A Russian economist known for proposing the theory of long waves or Kondratiev waves in the economic cycle, characterized by periods of boom followed by periods of depression.

Creativity Flurries

Intense bursts of creative activity where ideas are rapidly generated and explored, often leading to innovative solutions or artistic expressions.

Technological Research

The study and development of new technologies, including both the improvement of existing technologies and the creation of novel innovations.