question archive The government has instituted a subsidy (paid to the buyers) of 3000 pounds per electric car bought in 2017
The government has instituted a subsidy (paid to the buyers) of 3000 pounds per electric car bought in 2017
Subject:EconomicsPrice: Bought3
The government has instituted a subsidy (paid to the buyers) of 3000 pounds per electric car bought in 2017. The electric car industry is competitive. Which of the following statements is true? a) Buyers gain more from the subsidy than sellers if demandi: inelastic than supply. more b) The final price paid by consumers of electric cars will incre less if is perfectly inelastic. c) The deadweight loss caused by the subsidy is minimised if the elasticity of supply is The government has instituted a subsidy (paid to the buyers) of 3000 pounds per electric car bought in 2017. The electric car industry is competitive. Which of the following statements is true? a) Buyers gain more from the subsidy than sellers if demand is inelastic than supply ? b) The final price paid by consumers of electric cars will increase by 3000 i is perfectly inelastic. c) The deadweight loss caused by the subsidy is minimised if the elasticity supply demand ? The government has instituted a subsidy (paid to the buyers) of 3000 pounds per electric car bought in 2017. The electric car industry is competitive. Which of the following statements is true? a) Buyers gain more from the subsidy than sellers if demand is inelastic than supply. b) The final price paid by consumers of electric cars will increase by 3000 if is perfectly inelastic. c) The deadweight loss caused by the subsidy is minimised if the elasticity of supply i Infinite zero equal to 1 Next page
