Refer to Figure 7.2. If Happy Times Theater charges one price to day customers and another price to night customers, then the night price will be  

The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, consumer surplus will be

A) a. B) a + b + f. C) a + b + c. D) a + b + c + f + g.

A tax equal to the external cost on firms that emit pollutants would: a. provide firms with the incentive to increase the level of activity creating the pollution

b. provide firms with the incentive to decrease the level of activity creating the pollution. c. provide firms with little incentive to search for less environmentally damaging production methods. d. not reduce pollution levels at all.