Which of the following will not cause the demand for milk (a normal good) to increase in the current time period?

A) a fall in the price of milk
B) an increase in income
C) an expected increase in milk prices
D) a decrease in the price of cookies (a complement)

Ans: A) a fall in the price of milk

Economics

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Refer to the figure above. What is the total surplus after Lithasia opens up to free trade?

A) $15 B) $25 C) $27 D) $35

Economics