If the labor force consists of 1,000 people and and the unemployment rate is 7%, then 930 people must be considered employed

The figure above shows the demand curve, marginal revenue curve, and marginal cost curve. The amount of consumer surplus when the market has a monopoly producer is

A) ace. B) abf. C) bcd. D) bcef. E) acd.

The percentage change in the quantity demanded of a good due to a percentage change in its price is referred to as the:

A) price multiplier. B) price elasticity of demand. C) shadow price of the good. D) consumer surplus.