Author Question: U.S. producer surplus ________ when the United States imports a good and U.S. producer surplus ... (Read 249 times)

tichca · **on:** Jun 29, 2018

U.S. producer surplus ________ when the United States imports a good and U.S. producer surplus ________ when the United States exports a good.

A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases

Question 2

The demand curve in the figure above illustrates the demand for a product with a price elasticity of demand

A) equal to zero at all prices.
B) equal to infinite at all prices.
C) equal to one at all prices.
D) that is different at all prices.