Who actually benefits from a subsidy to sellers? Only consumers benefit from any kind of subsidy. O Only sellers benefit, since it is their subsidy. The benefit is shared depending on elasticity of the supply and demand curves. None of these statements is true.

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Chapter19: Elasticity
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Please help me find the answer to the following. I got the answer wrong.

Who actually benefits from a subsidy to sellers?
O Only consumers benefit from any kind of subsidy.
Only sellers benefit, since it is their subsidy.
The benefit is shared depending on elasticity of the supply and demand curves.
None of these statements is true.
Transcribed Image Text:Who actually benefits from a subsidy to sellers? O Only consumers benefit from any kind of subsidy. Only sellers benefit, since it is their subsidy. The benefit is shared depending on elasticity of the supply and demand curves. None of these statements is true.
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