An individual's ________ surplus is the area ________ the ________ curve and ________ the ________ up to the quantity ________
A) consumer; above; supply; below; market price, produced.
B) producer; above; supply; below; market price, produced.
C) consumer; below; demand; above; choke price, purchased.
D) producer; below; supply; choke price, below; the producer sells.
B
Economics
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In the case of the simple regression model Yi = ?0 + ?1Xi + ui, i = 1, …, n, when X and u are correlated, then
A) the OLS estimator is biased in small samples only. B) OLS and TSLS produce the same estimate. C) X is exogenous. D) the OLS estimator is inconsistent.
Economics
Which of the following is not one of the unconventional monetary policy tools used by the Fed?
A. Operation twist B. Precommitment strategy C. Dodd-Frank Act D. Quantitative easing
Economics