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Author Question: In the figure above, when the price of a CD is 8.00, total producer surplus from all the CDs will be ... (Read 77 times)

JGIBBSON

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on: Jun 29, 2018
In the figure above, when the price of a CD is 8.00, total producer surplus from all the CDs will be
 
  A) zero.
  B) greater than at 10.00 per CD.
  C) 20 million.
  D) 10 million.

Question 2

An import quota on sugar
 
  A) increases the imports of sugar and lowers its price.
  B) increases the imports of sugar and raises its price.
  C) increases the demand for sugar and raises its price.
  D) decreases the imports of sugar and raises its price.


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Shshxj

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

D

Answer to Question 2

D


JGIBBSON

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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