With a quantity restriction, the total surplus of the market increases. On the contrary, with a licensing restriction, the total surplus decreases.

Answer the following statement true (T) or false (F)


False

Economics

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The majority of blacks were shipped from West Africa, but some also came from Madagascar and Zanzibar

Indicate whether the statement is true or false

Economics

For a profit maximizing monopolist, if the MC = 10 and price is set to be 20, then the elasticity at this price is

A) -2. B) -1. C) -0.5. D) 0.

Economics

Restricting labor supply is typical of:

a. industrial unions. b. craft unions. c. neither industrial nor craft unions. d. both industrial and craft unions.

Economics

Studies have shown that in the 1980s the wage gap between college-educated workers and those with high school education or less

A. decreased dramatically. B. decreased slightly. C. remained unchanged. D. widened dramatically.

Economics