A government-inhibited good is often

When the market clearing price of gasoline after a hurricane spikes to $6.00 but legislators enact "anti-gouging" legislation that keeps prices at $4,

A) consumers as a whole will tend to benefit. B) producers will have less incentive to bring gasoline to the areas where gasoline is most highly valued. C) government will ensure that no shortages will develo

For a risk-averse individual, as wealth increases, total utility

A) increases at a decreasing rate. B) increases at a constant rate. C) increases at an increasing rate. D) is constant.