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, producer surplus decreases by

Explain how a business owner who continually practices taste-based discrimination may eventually pay for his decision to discriminate in terms of declining productivity and profits, especially if he is in a highly competitive industry

What will be an ideal response?

The price of a typical basket of goods and services in one period divided by the price of the same basket in a different year is a(n)

a. price index b. TV-violence index c. employment index d. output index e. unemployment index