To try to cut crime, a government offers a subsidy for the production of burglar alarms, yet sales increase only a little. Which possible features of the good could explain this result?
- Aprice elasticity of demand high; price elasticity of supply high
- Bprice elasticity of demand high; price elasticity of supply low
- Cprice elasticity of demand low; price elasticity of supply high
- Dprice elasticity of demand low; price elasticity of supply low