A price support set above the equilibrium price does which of the following?
i. decreases producer surplus
ii. decreases consumer surplus
iii. decreases the marginal cost of the last unit produced
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) ii only
E
Economics
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Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
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Suppose you were asked, "Can you guess the height of the tallest living man? Is it more than 8 feet?" When people suggest an answer in the question they ask, it is a form of:
A. anchoring. B. rule of thumb. C. time inconsistency. D. positive framing.
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