Multiple Choice
When the supply of a good is perfectly elastic:
A) no one benefits from the subsidy.
B) everyone benefits from the subsidy.
C) all of the benefits of the subsidy go to producers.
D) all of the benefits of the subsidy go to consumers.
Correct Answer:
Verified
Correct Answer:
Verified
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Q48: Use the following to answer questions:<br>Figure: Supply
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