Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. The amount of consumer surplus under monopoly is equal to area
A. BEC.
B. AFE.
C. AFC.
D. GAB.
Answer: D
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A government program that pays farmers the difference between what they were told they would receive for their crops and what they actually receive is known as ______.
a. an output reduction plan b. a surplus purchase program c. a deficiency payment program d. an agricultural price ceiling
The economy has an annual inflation rate of 3.5%. It will take approximately how many years for the price level to double?
A. 28 years B. 21 years C. 10 years D. 35 years
Which of the following is not a topic of macroeconomics?
A. What factors contribute to the presence of monopolies in the economy. B. Why unemployment periodically reaches very high levels. C. What causes inflation and what can be done about it. D. Why nations have different rates of growth.
You are the brand manager of Crest toothpaste and you observe that when you increase the price of Crest, your total revenue increases. How is that possible?
What will be an ideal response?