Which of the following will cause a decrease in producer surplus?
a. the imposition of a binding price ceiling in the market
b. an increase in the number of buyers of the good
c. income increases and buyers consider the good to be normal
d. the price of a complement decreases
a
Economics
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The above figure gives your budget line between CDs and magazines. The slope of the budget line is ________ CD per magazine
A) 1/2 B) -1/2 C) -1 D) -2
Economics
The benefits of specialization can be used to explain why:
A. workers prefer to work on a variety of tasks during the day. B. individuals and nations benefit from trade. C. machines are more productive than human workers. D. big companies take advantage of smaller ones.
Economics