Which of the following types of business organization have limited liability? I. proprietorship II. partnership III. corporation

Refer to Figure 9-3. What is the area of consumer surplus after the imposition of the quota?

A) A B) G + H C) A + G + H D) G + H + E + I+ J + M

Violations of the law of demand are assumed to occur

a. regularly. b. only when goods are Giffen goods. c. only when the substitution effect dominates the income effect. d. All of the above are correct.