The benefits of a subsidy

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    accrue mostly to buyers if the ratio of the price elasticity of demand to the price elasticity of supply is large.
     accrue mostly to sellers if the ratio of the price elasticity of demand to the price elasticity of supply is small.
     accrue to neither the seller or the buyer, but are given to promote the welfare of third parties not involved in the transaction.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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None of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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