Among the methods of nonprice rationing are

Which of the following is not true concerning producer surplus? a. It is qraphically the area under the supply curve and above the market price. b. It exists in equilibrium

c. A leftward shift of the supply curve will decrease producer surplus. d. A rightward shift of the supply curve will increase producer surplus.

Policymakers use taxes to raise revenue for public purposes and to influence market outcomes

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