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When the government subsidizes a particular product, such as wheat, it becomes more profitable to produce and therefore the supply increases.
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∙ 14y ago
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What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
How can taxes and subsidies effect in supply?
Taxes can decrease the supply when they are raised and increase the supply when they are lowered. Subsidies, on the other hand, can raise the supply when raised and lower the supply when they are lowered.
Why might a government grant subsidies to certain individuals or businesses?
To help consumers ensure an affordable supply of certain goods.
Name and explain two reasons why changes in supply occur?
There are several ways in which changes in supply occur. They include Technology, Cost of in-puts, productivity, number of sellers in the market, expectations of sellers government taxes or subsidies, government regulation, and production possibilities.
Are government subsidies included in GDP?
yes
What category does subsidies excise taxes and regulation belong in economics?
Government's influence on supply is the category that subsidies excise taxes and regulation belong in economics.
How can taxes and subsidies effect in supply?
Taxes can decrease the supply when they are raised and increase the supply when they are lowered. Subsidies, on the other hand, can raise the supply when raised and lower the supply when they are lowered.
Why might a government grant subsidies to certain individuals or businesses?
To help consumers ensure an affordable supply of certain goods.
A government policy that protects domestic producers against international competition?
subsidies
Name and explain two reasons why changes in supply occur?
There are several ways in which changes in supply occur. They include Technology, Cost of in-puts, productivity, number of sellers in the market, expectations of sellers government taxes or subsidies, government regulation, and production possibilities.
Which kinds of government financial aid and land grants paid for railroad construction?
subsidies
Are government subsidies included in GDP?
yes
Why did the gorvernment provide subsidies to railroad companies?
from the government
What is it called when the government gives help to a business?
Subsidies
Money given by the government to stimulate expansion?
Subsidies to railroads
What are some determinants of individual supply?
The price of the product, the price of input goods that are used to make it, the state of the industry's technology, government taxes and subsidies and expectations about the future market price of the good.
What factors affect supply and demand curve for wind energy?
Ease of establishment Price of electricity Cost of establishement Grid stability Backup power sources Government subsidies Public acceptance
