8 The following two questions deal with winning a cable television franchise (you'd be the sole supplier of cable television in the Cedar Valley) . As the cable franchisee, you would: a) Favor subsidies for videocassette rentals and microwave popcorn for home consumption. b) Favor a subsidy for videocassette rentals and a tax on microwave popcorn for home consumption. c) Favor a tax on videocassette rentals and microwave popcorn for home consumption. d) Favor a tax on videocassette rentals and a subsidy for microwave popcorn for home consumption. As the cable franchisee, you should: Operate in the elastic region of demand. b) Operate in the inelastic region of demand. c) Operate at the point of unitary elasticity if VC > 0. d) Operate in the inelastic region of demand, only if VC > 0