Firms develop brand names in order to make the demand for their product more elastic

Suppose the government introduced a ceiling on lawyers' fees

How would the amount of work done by lawyers, the consumer surplus of people who hire lawyers, and the producer surplus of law firms change? Would this fee ceiling result in an efficient and fair use of resources? Why or why not?

In general, GDP per capita is not highly correlated with alternative measures of quality of life

a. True b. False Indicate whether the statement is true or false