Chazzychoochoo1583 Chazzychoochoo1583
  • 08-07-2017
  • Business
contestada

"if supply is relatively elastic compared to demand in an efficient market, then we know that a production subsidy will"

Respuesta :

redbadge
redbadge redbadge
  • 21-07-2017
If supply is relatively elastic compared to demand in an efficient market, then we know that a production subsidy will benefit producers more than consumers. It also means that the producers can enlarge their output without an increase in cost or a time delay. And because they are in control of the market, the demand is high, then a small increase in price means small thing since it cannot affect the consumers interest. Therefore, their sales will go up.
Answer Link

Otras preguntas

50 grams of acetic acid C2H4O2 are dissolved in 200 g of water. Calculate the weight % and mole fraction of the acetic acid in the solution
How many degrees in fahrenheit is 6.75 degrees celsius?
4x+6y+12=0 in MX+b form with explanation
ABCD is a square of side 3, and E and F are the mid points of sides AB and BC respectively. What is the area of the quadrilateral EBFD ?
the volume of a cube is 1728 cubic units. what is the length of one side?
the volume of a cube is 1728 cubic units. what is the length of one side?
Why did the farmers daughter watch the lady cows
What is's closer vega or Andromeda galaxy?
Arrange numbers to form equivalent fractions. Find two ways to solve each puzzle.  Use each number once in each sentence.  3,4,2,6
4x+6y+12=0 in MX+b form with explanation