The more elastic the supply of a product, the more likely that the actual benefit of a subsidy granted of the product will

a. go to sellers.
b. go to buyers.
c. go equally to both buyers and sellers.
d. do none of the above.

B

Economics

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The equation of exchange shows that

A) P = (M × V) ÷ Y. B) P = (V × M) × Y. C) P = (M ÷ V) × Y. D) P = (M × Y) ÷ V. E) P - Y = M + V.

Economics

Explain fiscal dominance

What will be an ideal response?

Economics