Multiple Choice
When a subsidy program allocates subsidies to a subset of the population, the result is greater demand and higher prices in the market where purchases are subsidized, raising costs for
A) only those buyers receiving the subsidies.
B) primarily those buyers receiving the subsidies.
C) all buyers in that market.
D) only the taxpayers who pay for the subsidy.
Correct Answer:
Verified
Correct Answer:
Verified
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