Refer to Figure 9.6. As a result of this policy, consumer surplus will

A) fall to $15.
B) fall to $2250.
C) rise to $2500.
D) fall to $5000.
E) rise to $5000.

B

Economics

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A decrease in the current minimum wage would: a. decrease employment for low skill workers

b. increase firm's demand curves for low skill workers. c. increase the supply of low skill workers. d. decrease the incomes of some low skill workers.

Economics

Suppose Well-Made Pharmaceuticals knows that its newest prescription drug can cause severe side-effects, but it doesn't inform the users of the prescriptions about these side-effects. When the side-effects become public knowledge after an investigation, 

A. the demand curve will shift to the right. B. the price will decrease. C. the supply curve will shift to the left. D. the quantity will increase.

Economics