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Sagot :
The effects that a change in market conditions, usually price, has on the welfare or economic well-being of market participants are welfare effects.
The name given to a producer welfare index employed in a partial equilibrium analysis. This is the impact of a price decrease on consumer surplus, whether it increases, decreases, or stays the same. This is how a price rise on a producer surplus will change—either increase, decrease, or remain the same.
Additionally, unemployment benefits provide recipients the freedom to look for jobs that fit their skill sets rather than snatching up the first opening. In other words, government support leads to an increase in overall economic production.
Learn more about welfare effects at https://brainly.com/question/14774751
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