Government imposed price controls often lead to
A) illegal trades of the good.
B) the most efficient use of resources.
C) the equilibrium solution in terms of price and quantity.
D) maximization of profits.
A
Economics
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The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a perfectly competitive market, the change in consumer surplus is
A) A. B) A + B + C. C) A + B + C + D + E. D) zero.
Economics
Which of the following is a determinant of market supply?
A. Consumer expectations. B. Available technology. C. Consumers' income. D. Consumers' desire for the good.
Economics