If social regulation causes the supply curve in a market to shift up because of higher marginal costs, then:
a. both consumer and producer surplus will decrease.
b. both producer and consumer surplus will increase.
c. consumers will gain at the expense of producers.
d. producers will gain at the expense of consumers.
e. there will be no change in the sum of producer and consumer surplus, although its division may change.
a
Economics
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If productivity growth accelerates, but workers do not realize it ________
A) they will expect large wage hikes B) they will not expect large wage hikes C) the natural rate of unemployment will rise D) the number of discouraged workers will rise
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