Subsidies are most likely to:
A)reduce consumer surplus.
B)increase total economic surplus.
C)reduce total economic surplus.
D)leave total economic surplus unchanged, but transfer surplus from producers to consumers.

Name: Subsidies are most likely to: A)reduce consumer surplus. B)increase total economic surplus. C)reduce total economic surplus. D)leave total economic surplus unchanged, but transfer surplus from producers to consumers.
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Question

Quizplus · Accepted Answer

Subsidies cause total surplus to fall.

Subsidies Are Most Likely To