If the money price of hats rises and no other prices change, the I. relative price of a hat rises. II. opportunity cost of a hat rises

In order to have an impact, a ________ must be set below the equilibrium price, and when this occurs, ________

A) price ceiling; consumer surplus increases B) price floor; consumer surplus decreases C) price ceiling; producer surplus decreases D) price support; total revenue increases E) price support; consumer surplus increases

The existence of the Federal Savings and Loan Insurance Corporation (FSLIC) reduced the number of S&L failures in the 1980s and 1990s

Indicate whether the statement is true or false