In the market for CDs, the producer surplus will decrease if ...

[erika]

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

[Bigfoot1984]

Answer to Question 1

B

Answer to Question 2

C

[erika]

Thanks for the timely response, appreciate it

[LegendaryAnswers]

Excellent