Consider the demand curve below. If area 0ABC is smaller than area 0DEF, it suggests that if the price increases from D to A, then total revenues of sellers will:

A small reduction in a country's growth rate is a concern to policy makers because

A) a small change can have large effects on per capita GDP over time. B) a reduction usually leads to future reductions until finally the economy stagnates. C) policy makers focus too much on economic growth and not enough on increasing savings rates. D) the larger GDP is the better the economic welfare will be in the future.

Relative to standard competitive trade, trade based on monopolistic competition has ________ impact on relative factor incomes.

A. no B. lower C. the same D. greater