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16. If a subsidy Is introduced in a market, then which of the following statement is TRUE? (Assume no externalities) A. Consumer surplus, producer surplus, and soclal surplus all increase. b. Consumer and producer surplus increase but social surplus decreases: c. Consumer surplus, producer surplus, and soclal surplus all decrease d. Consumer and producer surplus decrease but soclal surplus increases..

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16. If a subsidy Is introduced in a market, then which of the following statement is TRUE? (Assume no externalities) A. Consumer surplus, producer surplus, and soclal surplus all increase. b. Consumer and producer surplus increase but social surplus decreases: c. Consumer surplus, producer surplus, and soclal surplus all decrease d. Consumer and producer surplus decrease but soclal surplus increases.

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