Refer to Figure 4-3. What area represents the deadweight loss at the equilibrium price of P1?

The analysis of how a customer's tastes for cars will change when his wealth triples is under the scope of:

A) ordinal study. B) comparative statics. C) marginal research. D) Pareto analysis.

If there is an increase in technology, the long-run aggregate supply curve shifts rightward, but the short-run aggregate supply curve does not shift

Indicate whether the statement is true or false