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Author Question: If buyers of illegal goods are punished but sellers are not, then the price ________ and the ... (Read 134 times)

nmorano1

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on: Jun 29, 2018
If buyers of illegal goods are punished but sellers are not, then the price ________ and the equilibrium quantity ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases

Question 2

The monopoly illustrated in the figure above is unregulated and charges a single price. The deadweight loss created by the monopoly is
 
  A) 0.
  B) 22.50.
  C) 45.00.
  D) 90.00.


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ntsoane kedibone

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


nmorano1

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Reply 2 on: Jun 29, 2018
Excellent

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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