In the figure above, the length of the double sided arrow is the

A) consumer surplus.
B) deadweight loss.
C) producer surplus.
D) economic loss per unit.
E) economic profit.

D

Economics

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In the antebellum period, U.S. cotton production

a. moved inland and westward following the invention of the cotton gin. b. was unable to meet the demand of the growing U.S. textile industry. c. was concentrated on small farms of less than 100 acres. d. faced declining world demand for most of the antebellum period.

Economics

If a nonbinding price ceiling is imposed on a market, then the a. quantity sold in the market will decrease

b. quantity sold in the market will stay the same. c. price in the market will increase. d. price in the market will decrease.

Economics