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The Benefit of a Subsidy Will Go Primarily to Sellers

Question 154

Multiple Choice

The benefit of a subsidy will go primarily to sellers when the


A) demand for the product is highly inelastic and supply is relatively elastic.
B) demand for the product is highly elastic and the supply is relatively inelastic.
C) subsidy is legally (statutorily) granted to the seller of the product.
D) subsidy is legally (statutorily) granted to the buyer of the product.

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