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Author Question: If a city decides to restrict the number of pizza parlors, A) the price of pizza will increase. ... (Read 82 times)

daltonest1984

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If a city decides to restrict the number of pizza parlors,
 
  A) the price of pizza will increase.
  B) pizza parlors will make higher profits.
  C) total welfare will decrease.
  D) All of the above.

Question 2

A new law applied to a competitive market that requires laid off workers be paid a large severance payment will
 
  A) not generate a deadweight loss.
  B) increase total welfare.
  C) increase consumer surplus in the market.
  D) decrease consumer surplus in the market.


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pami445

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daltonest1984

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


bigsis44

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

 

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