All else equal, an increase in demand will cause an increase in producer surplus
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The net worth of a bank is defined as the difference between
a. income and expenses. b. assets and liabilities. c. loans and deposits. d. loans and reserves.
Economics
Real GDP per person equals average labor productivity:
A. times the share of population employed. B. minus the share of population employed. C. times one minus the unemployment rate. D. times the labor force participation rate.
Economics
In Figure 6.2, the producer surplus is:
A. $400. B. $300. C. $200. D. $100.
Economics
If you own a bond with a seven percent coupon rate and new bonds are paying five percent, what will happen to your bond's market price?
What will be an ideal response?
Economics