The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for computer manuals after technological advances in making computers occur?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
A
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The WTO explicitly stated that in making its sea turtle decision, it was NOT saying that sovereign nations could not adopt effective measures to protect endangered species
Clearly, it said, sovereign nations can and should develop effective measures, including trade measures, to protect endangered species. Indicate whether the statement is true or false
With reference to the graph above, if the intended aim of the price ceiling set at $6 was a net increase in the well-being of consumers, then positive analysis would conclude:
A. the policy was effective, since surplus gained by consumers through lower prices is greater than the surplus they lost through deadweight loss. B. the policy was effective, since surplus lost by producers through lower prices is less than the surplus gained by consumers through lower prices. C. the policy was ineffective, since the amount of deadweight loss is greater than the surplus gained by consumers from lower prices. D. the policy was ineffective, since surplus gained by consumers through lower prices is less than the surplus they lost through deadweight loss.