Charging prices closer to what consumers are willing to pay for a good
a. Reduces consumers surplus
b. Increases producer surplus
c. Both a and b
d. None of the above
c
Economics
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In the above figure, the long-run effect of providing university education at no charge to all qualified applicants would be to shift the curve SH
A) and the curve SL leftward. B) and the curve SL rightward. C) leftward and the curve SL rightward. D) rightward and the curve SL leftward.
Economics
A recession begins with a(n) ________ in spending by firms on capital goods and a(n) ________ in spending on durable goods by households
A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Economics