Tomato sauce and spaghetti noodles are complementary goods. A decrease in the price of tomatoes will
a. increase consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles.
b. increase consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles.
c. decrease consumer surplus in the market for tomato sauce and increase producer surplus in the market for spaghetti noodles.
d. decrease consumer surplus in the market for tomato sauce and decrease producer surplus in the market for spaghetti noodles.
b
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Producers of tablet computers will be able to lower the wage rate that they pay to their workers. You are asked to predict the effects on the supply of tablet computers, and the price of a tablet computer. You predict that the supply curve shifts
A) rightward, and the price is constant. B) leftward, and the price is constant. C) rightward, and the price falls. D) leftward, and the price rises.
Under what circumstances are the marginal expenditure for an input and the average expenditure always equal? Where there is a
A) competitive buyer. B) competitive seller. C) monopoly buyer. D) monopoly seller.
Whites feel as strongly as blacks that discrimination persists
Indicate whether the statement is true or false
A tax where the percentage of income paid in taxes is the same regardless of the size of the income is a:
a. proportional tax. b. regressive tax. c. progressive tax. d. mix of a and b.