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

Author Question: When the United States imposes an import quota on a good, the amount of the ________ in U.S. ... (Read 229 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 29, 2018
When the United States imposes an import quota on a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus.
 
  A) increase; smaller than; increase
  B) decrease; larger than; decrease
  C) decrease; larger than; increase
  D) decrease; equal to; increase

Question 2

The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from 4.00 to 3.50, then total revenue would ________ because demand is ________.
 
  A) decrease; elastic
  B) increase; elastic
  C) decrease; inelastic
  D) increase; inelastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


big1devin

  • Member
  • Posts: 583
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Several species of squirrels have melanistic phases. In large parts of United States and Canada, the Several species of squirrels have melanistic phases. In large parts of United States and Canada, the
Phacopid trilobite, Devonian age, Ohio, United States Phacopid trilobite, Devonian age, Ohio, United States
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
In the past year, about one in five adults in the United States reported symptoms of anxiety ... In the past year, about one in five adults in the United States reported symptoms of anxiety ...
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Heart Chambers

For a complete list of videos, visit our video library