If the price of a pizza increases and the demand curve for pizza does not shift, then the consumer surplus from pizza will ________
A) increase
B) decrease
C) equal the producer surplus if the market produces the efficient quantity of pizza
D) remain the same
B
Economics
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________ growth is said to occur when a country's welfare falls as the country grows
A) Protrade biased B) Antitrade biased C) Immizerizing D) Anti-neutral
Economics
Barter requires a double coincidence of wants. This means that:
a. at least two traders must demand a commodity. b. any two traders involved in a transaction must have money. c. each trader must demand at least two commodities. d. either of the two traders involved in a transaction must have money. e. when two traders are involved in a transaction each trader must want what the other has to offer.
Economics