Question
A government subsidy of production of a good will ______________ the quantity sold if demand is inelastic. If demand is elastic, a tax placed on
A government subsidy of production of a good will ______________ the quantity sold if demand is inelastic. If demand is elastic, a tax placed on a good will ______________ the quantity sold.
a
increase; increase
b
decrease; decrease
c
increase; decrease
d
decrease; increase
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
