If the elasticity of demand is much greater than the elasticity of supply, a subsidy awarded to demanders will
a. benefit the demanders more than the suppliers
b. benefit the suppliers more than the demanders
c. the benefit of the subsidy will be equally shared between the demanders and the suppliers
d. allow the demanders to be the only ones who will benefit
e. Without more information as to the amount of the subsidy, who will benefit more can not be determined
B
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Dolly Varden is not employed. She is also not unemployed. How can that be?
A) It can't. Dolly must be either employed or unemployed. B) Dolly must be over 65 years old. C) Dolly must not be actively searching for a job. D) Dolly must be a discouraged worker.
How do the capital account and the current account differ?
What will be an ideal response?
The income effect explains why there is an inverse relationship between the price of a product and the quantity of the product demanded
Indicate whether the statement is true or false
The indifference curves for left shoes and right shoes would most likely be
A) upward sloping and concave to the origin. B) downward sloping and convex to the origin. C) downward sloping and straight lines. D) L-shaped.