Consumers May Benefit More Than Sellers from a Subsidy to Sellers

question 51

Multiple Choice

Consumers may benefit more than sellers from a subsidy to sellers if:

• A) they deserve the subsidy more.
• B) the demand curve is relatively more elastic than the supply curve.
• C) the demand curve is relatively less elastic than the supply curve.
• D) Consumers can never benefit more than sellers from a subsidy to sellers.

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Definitions:

Genetics

The area of biological study concerned with the inheritance of traits and the diversity of those traits passed down through generations.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including both natural and built contexts.

Individualistic Cultures

Societies that value independence, self-expression, and the personal goals of the individual over group goals.

Research

A methodical exploration and review of materials and sources for the purpose of uncovering truths and forming new conclusions.