A) Producer surplus increases, consumer surplus declines, and total welfare declines. B) Producer and consumer surplus increase and these gains are larger than the government cost. C) Producer and consumeWhich of the following occurs when a market is efficient? a. consum...
But the consumer pursues consumer's surplus increase demand smuggling; Smuggles the human to carry on the smuggling behavior for the pursue smuggling large amount benefit; The smuggler exists with various customs between gambles mutually; Attack dynamics and punishment dynamics to smuggle have the h ...
Given the graph below A) what is the value of the total producer surplus? B) describe how total surplus (consumer surplus plus producer surplus) changes (increase, decrease, stay the same) when consum How is total surplus (the sum of cons...
In the competitive equilibrium, the choice of default affects efficiency but not the division of surplus between consumers and firms, as firms make zero profits. A lower equilibrium price differential can increase efficiency, as consumers not directly affected by the default switch less, reducing ...
Does this make the additional tax more or less likely to increase government revenue? How might states try to reduce the elastici 12、ty of demand?Answer:a. 这种税收使新泽西汽车销售量下降,消费品支付的价格上升,生产者得到的价格下降。b. 表8-1 税收增加前后的福利变动表100美元税收时150美元税收时...
Under the gold standard, a trade surplus will lead to an inflow of gold, which increases the money supply. a. True. b. False. In the short run, a fixed exchange regime can increase the investment by decreasing the money supply. a. True b...
Explain how does an increase in interest rate affects consumer spending. When the price of bonds decreases, the interest rate rises. Explain. What happens in the money market as the general price level increases? The government of a country increases the growth rate of the money s...
Interruption costs are estimated based on the loss of consumer surplus due to reduced consumption of electric lighting energy that results from intermittent power supply. Different grid reliability scenarios are simulated. Despite the inclusion of interruption costs, standalone DG does not appear to be...
Answer to: When people spend more money without an increase in the supply of goods, prices: a. must stay the same b. must rise c. must fall d. may...
How does price affect supply and demand? What happens to the demand for inferior products as consumers' incomes rise? What happens to the total surplus in a market when the government imposes a tax? What happens to the aggregate price level and aggregate output from an increase in imports?