In the supply and demand model, a subsidy granted to sellers is illustrated by
a. a downward shift in the demand curve, by the per unit amount of the subsidy.
b. an upward shift in the demand curve, by the per unit amount of the subsidy.
c. a downward shift in the supply curve, by the per unit amount of the subsidy.
d. an upward shift in the supply curve, by the per unit amount of the subsidy.
C
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What happens to the demand for a good if a complement's price increases?
A) The demand increases and the demand curve shifts rightward. B) The demand decreases and the demand curve shifts rightward. C) The demand increases and the demand curve shifts leftward. D) The demand decreases and the demand curve shifts leftward. E) There is no impact on demand for the good and the demand curve does not shift.
Discuss the role of individuals and governments in committing environmental damage