Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. If price goes from equilibrium to P1, consumer surplus changes by the area
A. E + F.
B. B - F.
C. E - C.
D. C + E.
Answer: C
Economics
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Refer to the table above. The capital and financial account balance is
A) $190 billion. B) $200 billion. C) -$190 billion. D) -$200 billion. E) $1,900 billion.
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A price discriminating monopolist charges lower prices to customers with
A) lower supply elasticities. B) higher supply elasticities. C) lower willingness to pay. D) higher willingness to pay.
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Refer to Figure 3-5. At a price of $5,
A) there is a scarcity of 4 units. B) there is a surplus of 4 units. C) there is a shortage of 4 units. D) there is a shortage of 6 units.
Economics