If an increase in the price of a product from $100 to $200 per unit leads to a decrease in the quantity demanded from 10 to 8 units, then demand is

The figure above shows the market for umbrellas in Sunville. When the market for umbrellas in Sunville is in equilibrium, what is the consumer surplus?

A) $30 B) $9,000 C) $18,000 D) $16,000

If resource owners anticipated a monetary growth rate of 6 percent, but the money supply actually grew at only 2 percent, then: a. real wages would fall

b. output would decrease. c. output would increase. d. output would increase, but only if nominal wages were increased more rapidly than prices. e. the expected inflation rate was less than the actual rate.