______ revenue is the revenue that the firm receives from the sale of its products.

Refer to Figure 9.5. If the government establishes a price floor of $2.50 and farmers grow only the amount of berries that will be sold, producer surplus will

A) fall by $50. B) fall by $100. C) remain the same. D) rise by $50. E) rise by $100.

Which of the following is a determinant of supply?

A. Number of buyers. B. The prices of the factors of production. C. Consumers' income. D. Consumer tastes or preferences.