One of the virtues of rising resource prices is they encourage innovation, especially the discovery of other more abundant resources

The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from all the sodas sold is

A) $0.00. B) $15.00. C) $20.00. D) $1.00. E) None of the above answers is correct.

U.S. residents come to believe that the dollar will depreciate in the future, that is, the exchange rate in the future will be lower than the current exchange rate. As a result

A) the demand curve for dollars shifts rightward. B) the demand curve for dollars shifts leftward. C) there is a movement upward along the demand curve for dollars. D) None of the above answers are correct.