In Figure 34.5, the effect of a well-enforced anti-scalping law is to 
Figure 34.5
A. increase the welfare of consumers and decrease the welfare of scalpers.
B. reduce the welfare of consumers and scalpers by GFB.
C. increase the welfare of consumers by ABC.
D. decrease the welfare of scalpers by AFGC.
Answer: B
Economics
You might also like to view...
In the foreign exchange market, how does a change in expected future U.S. exchange rate affect the supply of dollars?
What will be an ideal response?
Economics
Which of the following is the most likely result from an increase in a country's government budget surplus?
a. higher interest rates b. lower imports c. lower net capital outflows d. lower domestic investment
Economics