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Author Question: In the market for CDs, the producer surplus will decrease if ________. A) the supply of CDs ... (Read 39 times)

erika

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on: Jun 29, 2018
In the market for CDs, the producer surplus will decrease if ________.
 
  A) the supply of CDs increases
  B) the price of a CD decreases
  C) the marginal cost of a CD decreases
  D) the price of a CD increases

Question 2

The figure shows the market for rental units in Gladstone. The market is in equilibrium. The government now introduces a rent ceiling of 500 a month. The price of a rental unit ________ and the number of units rented ________.
 
  A) increases by 500 per month; decreases
  B) increases by 100 per month; increases
  C) decreases by 100 per month; decreases
  D) remains the same; remains the same


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Bigfoot1984

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

B

Answer to Question 2

C


erika

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

bitingbit

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Reply 3 on: Yesterday
Wow, this really help

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