An increase in supply will always
A. decrease consumer surplus.
B. increase producer surplus.
C. decrease producer surplus.
D. increase consumer surplus.
Answer: D
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A, B, and C have the following preferences for fruits: A: apples > bananas > peaches > pineapples B: bananas > apples > pineapples > peaches C: apples > pineapples > peaches > bananas Use the Borda Count method to determine the most preferred fruit
a. Apples b. Bananas c. Peaches d. Pineapples
If R is the reserve ratio, then the money multiplier is given by 1 / (1+R).
Answer the following statement true (T) or false (F)
Economists who believe that the economy has a strong self-correcting mechanism argued that, after September 11, 2001, the economy needed
A. a quick and expansionary fiscal policy stimulus. B. a quick and expansionary monetary policy stimulus. C. only a short time to return to equilibrium full employment. D. President Bush to propose a large budget stimulus package.
If the firm represented in the diagram is currently producing and selling Q a units, what is the price charged?
A. P0 B. P1 C. P2 D. P3