Assume an industry initially in equilibrium has a price floor imposed at a price above the equilibrium price. Total revenue received by the producers from sales will:
a. rise as a result

When analyzing the economy as a whole, ________ substitution from one market to another is impossible.

a) macroeconomic b) externality c) microeconomic d) aggregate

The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a monopoly who charges a single price, the change in consumer surplus is

A) A. B) A + B + C. C) A + B + C + D + E. D) zero.