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Author Question: Assuming peaches are a normal good and consumer incomes rise, producer surplus in the peach market: ... (Read 250 times)

james9437

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on: Jun 30, 2018
Assuming peaches are a normal good and consumer incomes rise, producer surplus in the peach market:
 a. increases. b. decreases.
  c. remains unchanged. d. equals the deadweight loss increase.

Question 2

Which of the following is not true concerning producer surplus?
 a. It is qraphically the area under the supply curve and above the market price.
  b. It exists in equilibrium.
 c. A leftward shift of the supply curve will decrease producer surplus.
 d. A rightward shift of the supply curve will increase producer surplus.


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vboyd24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


james9437

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Reply 2 on: Jun 30, 2018
:D TYSM

bulacsom

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Reply 3 on: Yesterday
Excellent

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