Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the area representing the portion of consumer surplus transferred to producers as a result of the price floor?

A situation in which the quantity of bonds supplied exceeds the quantity of bonds demanded is called a condition of excess supply; because people want to sell ________ bonds than others want to buy, the price of bonds will ________

A) fewer; fall B) fewer; rise C) more; fall D) more; rise

In the absence of discrimination, as human capital investments increase, wages will generally

A) decrease. B) increase. C) not change. D) increase or decrease.