b) Subsidies
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Last updated 9:40 PM on 3/6/26
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5 Terms
1
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state how subsidies affect consumers
consumer spending on the good or service decreases
2
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state how subsidies affect producers
producer profit from the good or service increases
3
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state how subsidies affect governments
government revenue decreases
4
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show a subsidy graph on a price inelastic good
5
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show a subsidy graph on a price elastic good
