Author Question: Refer to Figure 9.1. If the government establishes a price ceiling of 20, total consumer and ... (Read 48 times)

krzymel · **on:** Jul 1, 2018

Refer to Figure 9.1. If the government establishes a price ceiling of 20, total consumer and producer surplus will be

A) 30.
B) 400.
C) 600.
D) 900.
E) 1200.

Question 2

The Corporate Average Fuel Economy (CAFE) standards are designed to improve the average fuel economy of cars and light trucks sold in the U.S. The economic analysis used to develop the CAFE standards was:

A) macroeconomic.
B) positive.
C) normative.
D) none of the above