The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from all the sodas sold is
A) $0.00.
B) $15.00.
C) $20.00.
D) $1.00.
E) None of the above answers is correct.
E
Economics
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The cross elasticity of demand for strawberry jelly and grape jelly is likely to be
A) positive because they are substitutes. B) positive because they are complements. C) negative because they are substitutes. D) negative because they are complements. E) negative because they are inferior goods.
Economics
The government sector balance is equal to ________
A) net taxes minus government purchases of goods and services B) tariffs minus imports C) saving minus investment D) exports minus imports
Economics