Author Question: If buyers of illegal goods are punished but sellers are not, then the price ________ and the ... (Read 172 times)

nmorano1 · **on:** Jun 29, 2018

If buyers of illegal goods are punished but sellers are not, then the price ________ and the equilibrium quantity ________.

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

Question 2

The monopoly illustrated in the figure above is unregulated and charges a single price. The deadweight loss created by the monopoly is

A) 0.
B) 22.50.
C) 45.00.
D) 90.00.