Assuming a $9 per unit subsidy is implemented, the new quantity traded will be ______. a) 12 b) 14 c) 16 d) 19 e) 21 f) 22.5 g) 45 h 66 i) 82.5 j) 148.5 k) 171
Assuming a $9 per unit subsidy is implemented, the new quantity traded will be ______.
|
a) 12 |
||
|
b) 14 |
||
|
c) 16 |
||
|
d) 19 |
||
|
e) 21 |
||
|
f) 22.5 |
||
|
g) 45 |
||
|
h 66 |
||
|
i) 82.5 |
||
|
j) 148.5 |
||
|
k) 171 |
A subsidy, often known as a government incentive, is a type of financial assistance or support given to a particular economic sector with the goal of supporting economic and social policies. Although most usually associated with government assistance, the phrase subsidy can refer to any sort of assistance, such as that provided by NGOs or as implicit subsidies.
They might also be broad or specific, lawful or illegal, ethical or immoral. Subsidies to producers and consumers are the most prevalent types of subsidies. Producer/production subsidies help producers by providing market price support, direct assistance, or payments to elements of production. Subsidies to consumers/consumers are widely used to lower the cost of products and services for consumers. In the United States, for example, it was formerly cheaper to buy gasoline than bottled water.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
