An increase in the interest rate shifts the money demand curve to the right

What would be an example of a consumption service?

A) Jake buys an iPhone. B) The local driver's license office purchases a new digital camera and printer. C) Rhianna gets a haircut. D) Donald Trump purchases furniture for his office. E) Antonio, the manager of the local Taco Hut, purchases a new deep fryer.

Refer to Figure 9.1. If the market is in equilibrium, total producer surplus is

A) $30. B) $70. C) $400. D) $800. E) $1200.