If a Subsidy (Going to Consumers)is Created for a Good

question 61

Multiple Choice

If a subsidy (going to consumers) is created for a good this would

• A)move its demand curve to the right.
• B)move its demand curve to the left.
• C)cause a movement along the demand curve to a (higher price, lower quantity)point.
• D)cause a movement along the demand curve to a (lower price, higher quantity)point.

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Definitions:

Social Responsibility

The obligation of an individual, group, or organization to act for the benefit of society at large, often focusing on environmental and social issues.

Employee Relations

The management of the relationship between employers and employees, aiming to prevent and resolve workplace issues, enhance job satisfaction, and promote a positive work environment.

Societal Distrust

A prevalent or widespread lack of confidence in the institutions, systems, or entities that structure society.

CSR

Corporate Social Responsibility, a business model in which companies integrate social and environmental concerns in their operations and interactions with stakeholders.