If a measure of real GDP could include the value of leisure time, measured real GDP would increase

Your textbook uses supply and demand curves together to illustrate

A) the level of output needed by individuals. B) the level of output needed by society. C) how economists are necessary to make markets to work effectively. D) how market prices play a key role in coordinating the plans of sellers and buyers. E) all of the above.

When a subsidy is paid to potato growers, the market equilibrium quantity of potatoes ____ and the market price ____. In the market for potatoes, the MSC ____ MSB.

Fill in the blank(s) with the appropriate word(s).