The quantity of goods and services that firms produce and sell at each price level is shown on the

Positive economic analysis is supposed to be

A) true. B) free of value judgments. C) just and fair. D) moral and honest.

If the government imposes a price ceiling that is lower than the market clearing price, then

A) consumer surplus will increase while producer surplus will decrease. B) consumer surplus will decrease while producer surplus will increase. C) both consumer surplus and producer surplus will decrease. D) both consumer surplus and producer surplus will increase.