If James is willing to sell an extra concert ticket for $40 and actually sells it for $100, his consumer surplus is $60
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the year ________, for the first time in 30 years, the federal government ran a surplus
A) 1980 B) 1985 C) 1990 D) 1998
Economics
In the housing market, if a rent ceiling of $600.00 is imposed when the equilibrium rent is $500.00, why will nothing change?
What will be an ideal response?
Economics