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Tue 4 Oct, 2016 07:30 pm
The deadweight loss associated with a subsidy will be smaller:
a) the less elastic is supply
b) the more elastic is supply
c) the less elastic is demand
d) the more elastic is demand
e) both a and c
f) both b and d
g) both a and d
h) both b and c
Any help is appreciated. Thank you.