Refer to Figure 12-9. At price P2, the firm would produce

The costs of changing price tags and price listing are known as

a) inflation-induced tax distortions. b) relative-price variability costs. c) shoeleather costs. d) menu costs.

Refer to Figure 9-3. If there was no quota, how many pounds of peanuts would domestic consumers purchase?

A) 10 million B) 28 million C) 34 million D) 40 million