Asked by
Marni Rosenblatt
on Nov 25, 2024
Verified
A government subsidy per unit of output increases supply.
Government Subsidy
Financial assistance given by the government to individuals, businesses, or institutions to support or encourage certain economic activities.
Supply
The total amount of a good or service available for purchase at any given price level, within a specified period.
- Pinpoint the causes behind fluctuations in supply and demand, specifically focusing on government policies like taxes and subsidies.
Verified Answer
EZ
Learning Objectives
- Pinpoint the causes behind fluctuations in supply and demand, specifically focusing on government policies like taxes and subsidies.
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