This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If buyers of illegal goods are punished but sellers are not, then the price ________ and the ... (Read 173 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Worldly Goods Worldly Goods
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Video: Genetic distance between human groups

For a complete list of videos, visit our video library