Refer to the figure above. What is the producer surplus before Barylia opens up to free trade?

A) $125
B) $250
C) $400
D) $325

C

Economics

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If autonomous spending decreases, then

A) the expenditure multiplier means that equilibrium expenditure increases by a larger amount. B) the expenditure multiplier means that equilibrium expenditure increases by a smaller amount. C) equilibrium expenditure does not change. D) the expenditure multiplier means that equilibrium expenditure decreases by a larger amount. E) equilibrium expenditure decreases by the same amount.

Economics

If the demand shifts, then for a profit maximizing monopolist,

A) price will change while quantity will remain constant. B) price will change and quantity will change. C) Both A and B. D) Neither A nor B.

Economics