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