Producers' surplus is the difference between the price __________ receive for a good and the __________ price for which they would have __________ the good

Production inefficiency is more likely to occur when the principal has more information about work performance than the agent does

Indicate whether the statement is true or false

Price ceilings

A) cause quantity to be higher than in the market equilibrium. B) always increase consumer surplus. C) may decrease consumer surplus if demand is sufficiently elastic. D) may decrease consumer surplus if demand is sufficiently inelastic. E) always decrease consumer surplus.