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Author Question: Refer to Figure 9.1. If the government establishes a price ceiling of 20, total consumer and ... (Read 58 times)

krzymel

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on: Jul 1, 2018
Refer to Figure 9.1. If the government establishes a price ceiling of 20, total consumer and producer surplus will be
 
  A) 30.
  B) 400.
  C) 600.
  D) 900.
  E) 1200.

Question 2

The Corporate Average Fuel Economy (CAFE) standards are designed to improve the average fuel economy of cars and light trucks sold in the U.S. The economic analysis used to develop the CAFE standards was:
 
  A) macroeconomic.
  B) positive.
  C) normative.
  D) none of the above


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lkanara2

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


krzymel

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

FergA

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

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