If a Subsidy (Going to Producers)on a Good Is Eliminated

question 71

Multiple Choice

If a subsidy (going to producers) on a good is eliminated this would

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

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Definitions:

Reddening

The process of becoming red, often as a response to emotion, heat, or injury.

Classification

A system for organizing data into categories for efficient handling and analysis.

Chemical Burn

Tissue damage caused by direct contact with chemicals that can cause destruction of the skin and underlying tissues.