Multiple Choice
Given a choice between an equal-cost cash grant and an excise subsidy,a consumer will:
A) prefer an excise subsidy.
B) prefer an excise subsidy if the good is a normal good.
C) be indifferent between an excise subsidy and a cash grant.
D) be worse off with an excise subsidy.
Correct Answer:
Verified
Correct Answer:
Verified
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