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Author Question: Refer to Figure 9-2. The increase in domestic producer surplus as a result of the tariff is equal to ... (Read 87 times)

viki

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on: Jun 29, 2018
Refer to Figure 9-2. The increase in domestic producer surplus as a result of the tariff is equal to the area
 
  A) C + D + G + H + I. B) C + G. C) C. D) A + C + G.

Question 2

Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and S2 (point B).
 
  If there is an decrease in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks, how will the equilibrium point change?
  A) The equilibrium point will move from B to C.
  B) There will be no change in the equilibrium point.
  C) The equilibrium point will move from B to A.
  D) The equilibrium point will move from B to E.


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steff9894

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

C

Answer to Question 2

A


viki

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Reply #2 on: Jun 29, 2018
Thank you :)


steff9894

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Reply #3 on: Jun 29, 2018
Happy to help you


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