A change in quantity demanded of a good always results from a change in

In the case of a perfectly price-discriminating monopoly, there is no

A) transfer of consumer surplus to the producer. B) deadweight loss. C) short-run economic profit. D) long-run economic profit.

The major disadvantage of commodity money is that

A) anybody can issue it and walk away. B) its value fluctuates with the scarcity of the commodity. C) it is subject to dollarization. D) the central bank cannot be prevented from issuing too much of it.