In the above figure, suppose that the government sets a limit to production at 10 units of output and the price rises to $4. In comparison to a competitive market the consumer surplus would fall by
A) $0.
B) $10.
C) $15.
D) $20.
C
Economics
You might also like to view...
Net foreign investment is equal to
A) foreign direct investment. B) the balance of trade. C) capital inflows minus capital outflows. D) net foreign portfolio investment plus net foreign direct investment.
Economics
A COLA automatically raises the wage when
a. GDP increases. b. taxes increase. c. the consumer price index increases. d. the producer price index increases.
Economics