Refer to the graph shown. With an effective price ceiling at $3, total surplus is reduced by:

Who would be least inclined to engage in "feel good" foreign projects, which contribute minimal benefits to the poor but look impressive to outside observers?

A) Private investors B) Foreign governments C) International aid agencies D) The World Bank

Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What price does KGC charge per unit when it sells 5,000 cubic years of concrete per year?

A. $12.50 B. $25.00 C. $37.50 D. $50.00