The concept of surplus can:

A. show who loses from minimum wage.
B. show the benefits of introducing new markets.
C. show who benefits from a tax.
D. show any of these.

Answer: D

Economics

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Whenever the price of Good A increases, the demand for Good B increases as well. Good A and B appear to be: a. complements. b. substitutes

c. inferior goods. d. normal goods.

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Private ownership of rivers and lakes will halt all water pollution.

Answer the following statement true (T) or false (F)

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