Normally an increase in the supply of a good will cause
a. a shift of consumer preferences in favor of that good.
b. consumers to use more of that good and less of others.
c. a shift of consumer preferences away from that good.
d. consumers to use less of that good and more of others.
b
Economics
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The producer surplus is found by subtracting the ________ and then adding the difference for all units sold
A) marginal cost from price B) price from marginal cost C) marginal benefit from total benefit D) marginal cost from marginal benefit E) deadweight loss from the price
Economics
In order to be useful as a signal in a market with information asymmetry, the signal must be ________
A) easily available B) inexpensive C) unique D) difficult to obtain
Economics