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Author Question: In the figure above, when the price of a CD is 8.00, total producer surplus from all the CDs will be ... (Read 62 times)

JGIBBSON

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on: Jun 29, 2018
In the figure above, when the price of a CD is 8.00, total producer surplus from all the CDs will be
 
  A) zero.
  B) greater than at 10.00 per CD.
  C) 20 million.
  D) 10 million.

Question 2

An import quota on sugar
 
  A) increases the imports of sugar and lowers its price.
  B) increases the imports of sugar and raises its price.
  C) increases the demand for sugar and raises its price.
  D) decreases the imports of sugar and raises its price.


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Shshxj

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

D

Answer to Question 2

D


JGIBBSON

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Reply 2 on: Jun 29, 2018
Excellent

xiazhe

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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