Which of the following statements is always true?
a. An increase in price will lead to an increase in producer surplus along a supply curve.
b. An increase in price will lead to an increase in consumer surplus along a demand curve.
c. A price ceiling will lead to an increase in consumer surplus

Which of the following is found ONLY in oligopoly?

A) Producers sell identical products. B) One firm's actions affect another firm's profit. C) Entry into the industry is blocked. D) Sellers face a downward sloping demand curve for their product. E) The firm's demand curve is horizontal.

Which of the following is not a resource for a society?

a. cash b. entrepreneurship c. land d. labor