Total surplus in a market will increase when the government
a. imposes a binding price floor or a binding price ceiling on that market.
b. imposes a tax on that market.
c. Both a and b are correct.
d. Neither a nor b is correct.
d
Economics
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Along any single indifference curve the ________
A) consumer is equally satisfied with any of the combinations of goods B) level of current income is unchanged C) level of future income is unchanged D) level of current and future income is unchanged
Economics
Which of the following is an accurate statement about price ceilings?
a. They often clarify price signals sent to consumers. b. They often distort price signals sent to producers. c. They often enable price signals to be sent to consumers. d. They often prevent price signals from being sent to producers.
Economics