Use the above figure. The economic profit for this firm is

In the Malthusian model of economic growth, an increase in the quantity of land

A) increases steady state per capita consumption, and increases the steady state population. B) has no effect on steady state per capita consumption or on steady state population. C) has no effect on steady state per capita consumption, and increases the steady state population. D) increases per capita consumption, and reduces the steady state population.

Price ceilings are typically imposed to benefit sellers

a. True b. False Indicate whether the statement is true or false