economicsWhich of the following statement about subsidies is true? i) Subsidies keep consumer prices lowii) Subsidies maintain a higher income for domestic producersiii)Subsidy is a payment made by the government to a produceriv) Subsidies are given to benefit the consumers.

Which of the following statement about subsidies is true? 

i) Subsidies keep consumer prices low

ii) Subsidies maintain a higher income for domestic producers

iii)Subsidy is a payment made by the government to a producer

iv) Subsidies are given to benefit the consumers.

  1. A

    None the above.

  2. B

    only (iii) 

  3. C

    All of the above

  4. D

    only (iii) and (iv)

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